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: On June 5, 2024, Nvidia's market value reached $3 trillion, making it the second largest tech company globally and boosting shares of semiconductor stocks, including Broadcom. Additionally, Nvidia's shares increased nearly 5% following announcements of U.S.-China tariff cuts, highlighting its significant revenue exposure to China.
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