Broadcom Stock Is Trading at New All-Time Highs. Should You Buy Shares Here?

Shares of fabless chip and software maker Broadcom (AVGO) rallied more than 5% on April 22 to touch a record high of $423.20, as a fresh wave of deal-driven momentum met a broader upswing in semiconductor stocks. The move followed news of an expanded collaboration with Alphabet's Google Cloud (GOOG) (GOOGL), putting Broadcom firmly back in the spotlight as investor appetite for artificial intelligence (AI) infrastructure plays continues to build. 

At the heart of the partnership is Google Cloud’s newly introduced Cloud Network Insights service, enabled by AppNeta by Broadcom, aimed at helping organizations track and optimize application and network performance. The announcement landed at a time when investor enthusiasm around AI infrastructure was accelerating, lifting sentiment across chip-related names. Support also came from the macro side.