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MarketBeat
MarketBeat
Business
Leo Miller

Broadcom’s VMware Strategy Could Fuel the Next AVGO Rally

Chip behemoth Broadcom (NASDAQ: AVGO) has had a lot going for it over the past few years. As of the Apr. 2 close, the stock had provided a massive total return of nearly 193% since the beginning of 2023. 

[content-module:CompanyOverview|NASDAQ:AVGO]

The demand for AI-centric computing power has been the main driver of the stock’s impressive rise. However, an unsung hero of Broadcom comes from the software space rather than hardware.

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