About the Company
Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue was coming from its semiconductor-based products and 21 percent from its infrastructure software products and services.: 43 Tan Hock Eng is the company's president and CEO. The company is headquartered in Palo Alto, California. Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO which represented old Avago now represents the newly merged entity. The Broadcom Corporation ticker symbol BRCM was retired. At first the merged entity was known as Broadcom Ltd., before assuming the present name. In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate European Union competition law.In May 2022, Broadcom Inc. announced an agreement to acquire VMware in a cash-and-stock transaction valued at $69 billion. The acquisition was closed on November 22, 2023.
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Latest $AVGO News
Broadcom Faces Backlash Over Licensing, EU Trade Groups Demand Investigation
On Monday, critics of Broadcom Inc (NASDAQ:AVGO) dismissed the U.S. chipmaker’s revisions to its cloud licensing practices, ...
Broadcom Inc. (AVGO) Gains But Lags Market: What You Should Know
In the latest trading session, Broadcom Inc. (AVGO) closed at $1,211.49, marking a +0.56% move from the previous day. This change lagged the S&P 500's 0.87% gain on the day. Meanwhile, the Dow ...
Broadcom Announces Changes amid VMware Brouhaha, Critics Aren't Buying It
Broadcom is still dealing with widespread backlash over changes -- many affecting licensing -- made to VMware products after ...
Here’s why the Broadcom (AVGO) stock price is in a correction
Broadcom (NASDAQ: AVGO) stock price has entered a deep correction zone as the recent rally faded. It has collapsed by over 15 ...
Broadcom’s stock has doubled in a year. These factors could send it even higher.
Broadcom Inc. shares have surged more than 100% in the past year as the chip company has shown Wall Street that it’s picking ...
Broadcom Inc.
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
Broadcom's AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say
Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of ...
Broadcom Shares Powered by Big Money
Broadcom Inc. (AVGO) shares are up 13% so far this year. Big Money investors have been powering the semiconductor company’s ...
The evolution of Tanzu post-Broadcom acquisition: A look at VMware’s refined focus
Purnima Padmanabhan, general manager of the Tanzu Division at Broadcom, and Ryan Morgan, senior director at Broadcom, discuss ...
Broadcom says “many” VMware perpetual licenses got support extensions
Broadcom closed its $69 billion VMware acquisition in November. One of its first moves was ending VMware perpetual license ...
Broadcom's Acquisition Of VMware: A New Dawn For Managed Service Providers
Broadcom’s acquisition of VMware stands out as a landmark event, signaling significant changes for Managed Service Providers ...
Broadcom Inc. (AVGO) Outperforms Broader Market: What You Need to Know
Broadcom Inc. (AVGO) reachead $1,332.75 at the closing of the latest trading day, reflecting a +1.68% change compared to its last close.
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