The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Broadcom

Capital · out

dividends ~$11.8B/yr + VMware-debt paydown (buybacks paused) + small capex ~$0.9B

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

Sourced figures 1


the working

Threads 3

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