AI scaling is increasingly constrained by memory bandwidth, not just compute power.

A structural map showing how data centers integrate power, cooling, compute, and connectivity to enable large-scale AI systems.

Broadcom’s $10B buyback signals a new phase in the AI capex cycle. While many tech giants redirect cash toward massive AI infrastructure spending, Broadcom is using strong AI-driven cash flow to retire shares, creating a liquidity defense under the EG LRM-14 macro framework.