Broadcom (AVGO) Stock on November 18, 2025: Price Action, NEC Cloud Deal, Fidelity Lawsuit and What It All Means for Investors

New York – November 18, 2025 — Broadcom Inc. (NASDAQ: AVGO) is back in the spotlight today as its share price comes under pressure alongside a broader tech sell-off, even while fresh news on cloud partnerships and lingering legal risk keep the story very active.

As of this afternoon, Broadcom stock is trading around $337 per share, down roughly 1.5% on the day, after opening near $343 and moving between an intraday low near $336 and a high around $346. The move fits into a wider pullback in AI‑linked tech names as investors reassess how much they’re willing to pay for future growth.

Below is a full rundown of today’s Broadcom (AVGO) news for November 18, 2025, and how it fits into the bigger AI and VMware story around the stock.

Key AVGO headlines for November 18, 2025

AVGO trades lower in a broader AI/tech sell‑off, with shares hovering in the mid‑$330s and down about 1–2% intraday. ^[1]
Broadcom and NEC expand their strategic partnership to promote VMware Cloud Foundation (VCF) for modern private cloud solutions, with NEC adopting VCF internally under a “Client Zero” strategy and selling new managed VCF‑based services. ^[2]
Short‑term technical outlook turns bearish: a widely followed technical note flags a break below a short‑term uptrend, with a bearish forecast targeting support around $324.50 while resistance sits near $359.40. ^[3]
Legal overhang grows as Fidelity Technology Group sues Broadcom, warning that losing access to critical VMware virtualization software could trigger “massive outages” in its systems. ^[4]
AVGO remains a “trending stock” and institutional focus, with new filings showing some wealth managers adding to positions while others trim, and with new leveraged ETPs linked to Broadcom listed in London. ^[5]
Street still broadly bullish: across major data providers, analysts’ 12‑month price targets mostly sit above today’s price, clustering in the high‑$300s with top targets near $480 and a prevailing “Strong Buy”/“Buy” consensus. ^[6]

AVGO stock today: under pressure in an AI jitters market

While Broadcom has been one of 2025’s standout AI infrastructure winners, today the stock is trading lower, roughly $5 below yesterday’s close, leaving shares around $337.40. That comes as U.S. indices slump again, with Reuters noting that concerns over lofty valuations and fading expectations of near‑term Federal Reserve rate cuts are weighing most heavily on large‑cap tech and chip names. ^[7]

A longer feature on the tech sector’s November sell‑off highlights growing talk of an “AI bubble,” and specifically calls out semiconductor players like Broadcom, Nvidia and AMD as vulnerable to further pressure if investors keep dialing back their AI enthusiasm. ^[8]

For AVGO, that macro narrative hits at an awkward time:

The stock rallied 40–50% earlier in 2025 on explosive AI‑chip momentum, OpenAI/Anthropic headlines and VMware integration upside. ^[9]
Many of today’s sellers appear to be locking in those gains as the AI trade cools across the sector.

Technical view: short‑term trend breaks, with eyes on $324 support

In today’s session, technical traders are watching AVGO closely after a notable shift on the chart. A fresh analysis from Economies.com (dated November 18, 2025) notes that: ^[10]

The stock broke below its main short‑term ascending trendline,
Trades under its 50‑day simple moving average, and
Shows persistently bearish RSI signals, even though the oscillator is already in oversold territory.

Based on that setup, the call for today is “bearish”, with:

Resistance around $359.40, and
A downside target at $324.50, which technicians see as the next “key support” level.

From a short‑term trading perspective, that puts AVGO in a corrective phase after a big AI‑driven run, with the risk that a break below $324 could open the door to a deeper pullback, even while the longer‑term fundamental story remains intact.

New today: Broadcom and NEC deepen VMware Cloud Foundation partnership

The biggest company‑specific news on November 18, 2025 is Broadcom’s announcement that it is expanding its long‑standing partnership with NEC Corporation around VMware Cloud Foundation (VCF), its flagship private‑cloud stack. ^[11]

Key details from the press release and secondary write‑ups:

NEC will adopt VMware Cloud Foundation inside its own IT systems under a “Client Zero” strategy – meaning it runs new technology internally before taking it to customers. ^[12]
NEC has already begun offering private‑cloud services built on VCF, including a new managed service called “NEC Private Cloud Infrastructure powered by VMware” for hybrid cloud deployments, which launched in October 2025. ^[13]
NEC will fold these offerings into its BluStellar Scenario framework to help enterprises modernize infrastructure, enhance security and reduce total cost of ownership. ^[14]
VCF is positioned as a single platform for traditional apps, cloud‑native services and AI workloads, and Broadcom says it is already deployed at nine of the top 10 Fortune 500 companies. ^[15]

Why it matters for AVGO stock

Strengthens the VMware thesis
The deal reinforces Broadcom’s message that VMware Cloud Foundation is becoming a standardized private‑cloud layer for large enterprises, including those with AI workloads, supporting the software side of Broadcom’s diversification.
Highlights ecosystem strategy
Broadcom isn’t just selling software licenses; it’s building an ecosystem of partners (like NEC) who resell and operate VCF‑based clouds. That model can scale revenue without proportional headcount growth — an important point for margins.
Validates AI‑ready infrastructure story
Positioning VCF as a platform for AI applications fits neatly with Broadcom’s push to be an end‑to‑end AI infrastructure provider, from ASIC accelerators and networking to the virtualized stack customers run on top.

In short, today’s NEC news is fundamentally positive for the VMware narrative, even as the share price sells off with the rest of high‑multiple AI tech.

Legal overhang: Fidelity lawsuit over VMware access

Offsetting the positive cloud story is a fresh legal headache that became public overnight and is still very much part of today’s AVGO conversation.

In a lawsuit filed in Massachusetts state court, Fidelity Technology Group, a subsidiary of Fidelity Investments, accuses Broadcom of threatening to cut off access to VMware virtualization software that Fidelity says is “business‑critical” to its operations. ^[16]

According to the complaint and Reuters’ summary: ^[17]

Fidelity has used VMware virtualization software since 2005 to host and manage virtual servers.
After Broadcom completed its $69 billion VMware acquisition in 2023, it restructured VMware’s offerings into higher‑priced bundles, ending some legacy standalone licensing.
Fidelity alleges Broadcom is breaching an existing contract by refusing to renew its prior subscription structure.
Broadcom initially indicated it would terminate access as soon as December 22, then extended that to January 21to give the court time to intervene.
Fidelity warns that losing access on that date could risk “massive outages” and trading disruptions for its tens of millions of customers.

Both companies declined to comment publicly.

Why investors care

The lawsuit taps directly into a broader narrative that Broadcom has squeezed VMware customers with new bundles and higher prices, a theme that has already attracted regulatory and media attention. ^[18]
Even if this specific case settles, it underscores the reputational and legal risk around Broadcom’s VMware monetization strategy.
For shareholders, it’s not (yet) about immediate financial impact, but about how far Broadcom can push on pricing before major enterprise clients or regulators push back.

On a day when AI valuations are already under scrutiny, this kind of headline adds another layer of caution for some investors.

Fundamentals still anchored by explosive AI growth

Despite the near‑term volatility, the fundamental backdrop for AVGO hasn’t changed much since its last earnings report.

In its fiscal Q3 2025 (reported in early September), Broadcom:

Delivered record revenue around $15.9 billion, up roughly 22% year over year.
Grew AI semiconductor revenue to about $5.2 billion, up around 63% from a year earlier. ^[19]
Guided Q4 fiscal 2025 revenue to roughly $17.4 billion, with AI chip sales expected to climb further to about $6.2 billion, implying AI would account for more than a third of total company revenue. ^[20]

Independent analyses of that quarter emphasized:

Broadcom’s unique position as a custom AI accelerator and networking supplier to the biggest hyperscalers,
The contribution from VMware and other infrastructure software, and
Robust free cash flow that supports ongoing buybacks and dividends. ^[21]

These numbers are a big reason the stock ran so far, so fast in 2025 — and they remain a core part of the long‑term bull case even on a down day like today.

AI mega‑deals: OpenAI and Anthropic keep AVGO in the AI spotlight

Beyond the quarter itself, Broadcom’s AI pipeline remains one of the most closely watched in the sector.

Two standout themes:

OpenAI collaboration and 10GW accelerator program
In October, OpenAI and Broadcom announced a strategic collaboration to deploy 10 gigawatts of custom AI accelerators over several years, with OpenAI designing chips and systems and Broadcom providing Ethernet‑based rack systems and manufacturing expertise. ^[22]
- The scale of the order is seen as one of the largest AI hardware commitments ever, pointing to tens of billions of dollars of potential silicon demand over the second half of the decade. ^[23]
Anthropic as a likely major customer
Separate reporting suggests AI model developer Anthropic may be behind a previously disclosed $10 billion custom AI chip order, prompting at least one analyst to raise their AVGO price target and reiterate an “Outperform” rating. ^[24]

These AI mega‑deals help explain why many on Wall Street still view Broadcom as an AI infrastructure leader, not just a cyclical chip company, even as today’s macro fears knock the stock lower.

Valuation and Street sentiment as of today

With AVGO trading around $337 this afternoon, how does that compare to what Wall Street sees as fair value?

Across major data sets updated in recent weeks:

MarketBeat: average 12‑month price target of about $372.52, with a high at $460 and a low near $210 – implying roughly 10% upside from a reference price in the high‑$330s. ^[25]
Investing.com consensus: average target around $394.8, with a high of $480 and a low near $273, and a “Strong Buy” consensus from 41 analysts. ^[26]
TipRanks: average target about $398.7, again with a high at $480 and low at $300, implying mid‑teens upside from recent prices. ^[27]
StockAnalysis: 28 analysts rate the stock “Strong Buy”, with a 12‑month target near $353.9, a few percent above the latest price. ^[28]
ValueInvesting.io: 54‑analyst composite rating of “BUY”, with revenue projected to grow into the mid‑$60 billion range next year and EPS expansions to match. ^[29]

A separate fair‑value model highlighted in a Yahoo Finance piece today pegs Broadcom’s intrinsic value around $395 per share, well above recent closes — one reason the stock continues to pop up on “undervalued AI leader” lists despite its big run. ^[30]

Takeaway: even after the year‑to‑date rally, the consensus view still sees upside from current levels, but the spread between bullish and cautious targets is wide, reflecting genuine debate over how sustainable Broadcom’s AI growth and VMware pricing strategy really are.

Flows and positioning: institutions, ETPs and “trending stock” status

Today’s tape isn’t just about price — it’s also about who is trading AVGO.

Recent regulatory filings and market data show:

Avantax Advisory Services Inc. has increased its holdings in Broadcom, according to a new MarketBeat summary published today. ^[31]
Meridian Wealth Management LLC disclosed new AVGO purchases, while Advisory Resource Group reported selling some shares, highlighting that not all institutions are moving in the same direction. ^[32]
On the London Stock Exchange, new Leverage Shares 3x Long Broadcom (AVGO) ETP securities were admitted to trading today, adding another way for traders to gain leveraged exposure to AVGO’s moves. ^[33]
Zacks flagged Broadcom as a “trending stock” today, underscoring elevated retail and institutional interest even as volatility picks up. ^[34]

In other words, AVGO remains heavily traded, closely watched and increasingly surrounded by derivatives and leveraged products — typical of a market favorite in a hot theme like AI.

How today’s news fits together for Broadcom shareholders

Putting November 18’s developments in context:

Short‑term tone: cautious to negative
- AVGO is down on the day, technicals have flipped short‑term bearish, and the broader market is questioning AI valuations across the board. ^[35]
- The Fidelity lawsuit reinforces concerns about how aggressively Broadcom can push VMware pricing before customers or regulators push back. ^[36]
Medium‑ to long‑term story: still oriented around AI and cloud
- The NEC partnership expansion and ongoing OpenAI / Anthropic‑linked AI deals show Broadcom deepening its role in both private‑cloud and hyperscale AI infrastructure. ^[37]
- Q3’s record AI‑driven revenue and strong Q4 guidance remain intact and continue to anchor the bullish fundamental narrative. ^[38]
Valuation and consensus
- Even after today’s pullback, AVGO still trades at a premium to the broader market, but most analysts’ targets sit above today’s price, implying further upside if Broadcom executes on its AI and VMware roadmaps. ^[39]

For existing shareholders, today looks like a classic “noise vs. narrative” day: the market is leaning into fears about an AI bubble and legal risk, while the company continues to sign meaningful cloud partnerships and ride a powerful AI infrastructure spending cycle.

Final note

This article is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any security. Always do your own research and consider consulting a licensed financial adviser before making investment decisions.

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