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Broadcom Inc.

Broadcom Inc. trades under the ticker symbol AVGO on the Nasdaq. This page brings together its live stock price, an interactive price chart, and key fundamentals like market capitalization, 52-week range, dividend yield, and the next earnings date, with plain-English context to help you understand what the numbers mean.

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Executive summary

About Broadcom Inc.

Broadcom is one of the largest semiconductor companies in the world, with a portfolio spanning networking chips, broadband, wireless components, and storage connectivity. Its parts sit inside data center switches, smartphones, and the networking gear that moves internet traffic.

Beyond chips, Broadcom has built a large infrastructure-software business through acquisitions, most notably VMware. That mix of hardware and recurring software revenue is unusual for a chipmaker and gives the company two distinct profit engines.

Broadcom is also a major supplier of custom accelerator chips designed alongside large cloud customers, which has tied it closely to the buildout of AI data center infrastructure.

How does Broadcom Inc. make money?

Source: Broadcom SEC filings (10-K) and investor relations · Last reviewed June 2026

Investment case

Broadcom runs two very different businesses under one roof. One designs chips, including custom AI processors built for specific cloud customers and the high-speed switches that connect those chips inside data centers. The other sells infrastructure software, mostly through VMware, which brings steady subscription revenue. The spending boom on AI data centers has become the main growth driver, so the long term question that frames the stock is whether Broadcom can keep winning custom-chip designs and grow its software base while carrying the debt its large acquisitions have added.

Educational analysis from public filings. This is not a recommendation to buy or sell any security.

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Why investors follow this company

Competitive advantages

What could go wrong

What to watch

Valuation in context

Sources: Broadcom 10-K (SEC EDGAR), Broadcom Investor Relations · Last reviewed June 2026

Concepts behind this investment case

Market Cap, Dividend Yield, Valuation

How management uses cash

Historically, the company has used a mix of reinvestment, buybacks, and dividends.

Reinvestment

On average, capital spending used about 4% of operating cash flow across 8 fiscal years (FY2018-FY2025) - a small share of the cash the business generated went back into it, leaving most available for other uses.

Buybacks

Reported share repurchases in 6 of the 8 fiscal years shown, totaling about $35.1B (FY2018-FY2025).

Dividends

Paid a per-share dividend in each of the 8 fiscal years shown (FY2018-FY2025). The annual per-share dividend did not decline year over year within FY2022-FY2025 (comparable per-share basis), rising in 3 straight year-over-year changes into FY2025. In FY2025, dividends paid totaled about $11.1B.

Debt direction

The total debt balance rose over the window: about $17.6B in FY2018 vs about $67.1B in FY2025. This describes the balance's direction, not repayments.

Cash position

As of FY2025, held about $16.2B in cash and equivalents vs about $67.1B of total debt - more total debt than cash at that date.

Derived from annual figures this company reported to the SEC (EDGAR XBRL company facts). Descriptive history only: not a forecast, not a rating, not investment advice.

Frequently asked questions

What is the investment case for Broadcom?

Broadcom runs two very different businesses under one roof. One designs chips, including custom AI processors built for specific cloud customers and the high-speed switches that connect those chips inside data centers.

Does Broadcom have an economic moat?

Designing a custom AI chip alongside a cloud customer takes years of joint engineering, and once that chip is built into the customer's systems it is expensive and slow to replace, which keeps the relationship sticky.

What is the bull case for Broadcom?

Building and running AI models needs enormous numbers of chips wired together, and Broadcom sells both the custom processors and the switching chips that connect them, so it gains from the data-center buildout in more than one way.

What is the bear case for Broadcom?

The chip business is cyclical, so a slowdown in technology spending can pull orders down quickly.

What are the key risks for Broadcom?

Semiconductor demand is cyclical, and orders can swing with the broader technology spending cycle. A meaningful share of chip revenue has historically come from a small number of very large customers.

How should investors think about Broadcom's valuation?

Broadcom blends a cyclical chip business with steadier software, so a single earnings multiple can mislead. Weigh it using the segment revenue, profit, and debt figures in the company's own filings rather than any outside estimate.

What should investors watch with Broadcom?

Whether spending on AI data centers stays strong and Broadcom keeps winning new custom-chip designs with big cloud customers, which is what would need to go right for growth to continue.

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Educational content only. Market data is delayed and is not financial advice. Always do your own research and consult a licensed professional before investing.