AVGO has been in the news 313% more than usual
Aug 29, 2025, 2:31 PM
-0.17%
What does AVGO do
Broadcom, headquartered in Palo Alto, California, offers semiconductor and infrastructure software solutions, employing 20,000 people since its IPO on August 6, 2009. Its products serve various markets, including cloud and enterprise software.
AVGO has been in the news recently: Nvidia experienced a 56% revenue growth to $46.7 billion but saw a 3% drop in shares amid market concerns, while its competitor Broadcom's price target was raised to $325, anticipating strong fiscal 2024 revenue driven by AI growth. Broadcom's expected revenue for fiscal 2024 is $51.57 billion, reflecting strong demand in AI and cloud computing sectors.
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