How Is Broadcom's Stock Performance Compared to Other Semiconductor Stocks?

Broadcom Inc. (AVGO), headquartered in Palo Alto, California, designs, develops, and supplies a broad range of semiconductor, enterprise software, and security solutions. Valued at $654.86 billion by market cap, the company’s product portfolio services critical markets, including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. 

Companies worth $200 billion or more are generally described as “mega-cap stocks,” and AVGO fits right into that category. The company’s solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure.