AVGO Stock News & Live Price
Broadcom Inc · NASDAQ NMS - GLOBAL MARKET · Semiconductors
Broadcom (AVGO) is the world's #2 non-NVIDIA custom AI chip designer — building the ASICs behind Google's TPU and Meta's MTIA — plus a fast-growing enterprise software business anchored by VMware. Live NASDAQ price and every hyperscaler ASIC update.
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About Broadcom Inc (AVGO)
Broadcom Inc. is a US-based semiconductor and infrastructure software company listed on the NASDAQ under AVGO and headquartered in Palo Alto, California. Under CEO Hock Tan — one of the most respected operators in the semiconductor industry — Broadcom has grown through a series of large, well-executed acquisitions: LSI (2014), Broadcom (2016, which is where the name and ticker originated), Brocade (2017), CA Technologies (2018), Symantec Enterprise Security (2019), and VMware (November 2023).
Broadcom operates two large business segments. **Semiconductor Solutions** — networking silicon (Tomahawk switches, Jericho routers), wireless chips (RF filters for iPhone), custom compute ASICs (Google TPU, Meta MTIA, likely ByteDance and OpenAI chips), storage controllers, and broadband — generates ~$30B annually. The custom AI ASIC business is a critical growth engine: as hyperscalers diversify from NVIDIA GPUs, they increasingly turn to Broadcom to design proprietary training + inference silicon. **Infrastructure Software** — VMware vSphere/vSAN, Symantec, CA mainframe tools — generates ~$21B annually at very high margins.
The VMware acquisition, completed in November 2023 for $69B, has been remarkably financially successful: Broadcom slashed VMware operating costs, migrated customers to bundled subscription pricing (from perpetual licenses), and rapidly expanded operating margin. Custom-AI-ASIC revenue is expected to more than double from ~$12B in fiscal 2024 to ~$30B by fiscal 2027 as Google, Meta, and 3-4 additional hyperscalers deepen custom-silicon programs. Broadcom initiated a 10-for-1 stock split in July 2024 that materially broadened retail ownership, and the dividend has been raised every year since inception (~14% CAGR).
What Broadcom Inc Actually Does
- Custom AI ASICs for hyperscalers (Google TPU, Meta MTIA, others)
- Networking silicon (Tomahawk switches, Jericho routers)
- Wireless RF filters (major iPhone content)
- VMware vSphere / vSAN / NSX (enterprise virtualization)
- Symantec enterprise security (endpoint + data loss prevention)
- CA Technologies mainframe + enterprise software
- Storage controllers + broadband silicon
Investment Thesis
Custom AI ASIC business is the fastest-growing large-scale silicon franchise outside of NVIDIA — hyperscaler demand is diversifying beyond GPUs. VMware acquisition is generating massive margin uplift ahead of schedule. Consistent 14% dividend growth. Hock Tan is one of the best capital allocators in tech.
Trades at ~30× forward EPS — expensive for a semiconductor conglomerate. Custom-AI-ASIC growth is dependent on 3-4 large hyperscaler customers (concentration risk). VMware price increases have driven some customer defection to Nutanix/Proxmox. Wireless RF is heavily Apple-concentrated.
Company profile data sourced from Finnhub. TickerNews is a news aggregator and does not provide investment advice — see our Disclaimer.
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