The other important factor for Broadcom is that, while tech stocks are usually cyclical, it has a presumably healthy backlog. As of July 2022, Broadcom had $31 billion in backlogged orders. Despite CEO Hock Tan not providing a recent update on the company's backlog, the flurry of order activity surrounding AI, as a whole, suggests it remains robust. A healthy backlog means dependable and predictable operating cash flow year after year.