
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.