The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Broadcom

Capital · deployed

TTM dividends $11.8B; buybacks $0 in TTM (paused — deleveraging VMware); capex only ~$0.9B (fabless-lite)

high confidence · as of 2026-07-26 · about Broadcom

Sourced figures 1


the working

Threads 3

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