Broadcom stock (NASDAQ: AVGO) heads into the weekend sitting around the $340 mark after a volatile week dominated by AI sentiment, heavy trading and a fresh Wall Street upgrade that reinforces its status as one of the market’s core AI infrastructure plays. [1]
Below is a detailed wrap‑up of all the major Broadcom stock news and analysis dated November 22, 2025, plus the key context investors are watching ahead of the company’s next earnings report on December 11, 2025. [2]
1. Where Broadcom Stock Stands After Friday’s Close
Because November 22, 2025 falls on a weekend for U.S. markets, the reference point for “today’s” Broadcom stock level is Friday’s closing session (November 21, 2025):
- Last close:$340.20, down 1.91% from $346.82 the previous day. [3]
- Intraday range (Friday): Low of $331.80 and high of $348.60 – a swing of just over 5%. [4]
- Volume: Around 28–30 million shares traded, notably higher than average; Meyka estimates volume was roughly 50% above its typical level, with about 30.3 million shares versus an average of 23.5 million. [5]
- 52‑week range: Approximately $138.10 to $386.46. [6]
- Market cap: Around $1.6–1.63 trillion based on Friday’s close. [7]
Price‑tracking sites describe the short‑term setup as technically weak despite a powerful long‑term uptrend: StockInvest.us calls AVGO a short‑term “sell candidate” following an 11–12% pullback from a late‑October pivot high, while still projecting an 11–12% potential rise over the next three months if the broader rising trend holds. [8]
At the same time, recent articles on Meyka and Smartkarma highlight that:
- Broadcom is still up roughly 45–50% year‑to‑date,
- Up about 70%+ over the last six months, and
- Continues to see strong investor interest around its AI and software story. [9]
2. Today’s Key Broadcom (AVGO) News – November 22, 2025
2.1 Raymond James Initiates Coverage with “Outperform” and $420 Target
The headline event for AVGO on November 22 is a new Wall Street initiation from Raymond James, reported by Finbold:
- Rating: Outperform
- New price target:$420 per share – implying about 23% upside from a recent reference price around $340. [10]
- Thesis highlights:
- Broadcom’s custom AI accelerators are gaining ground as customers increasingly prefer domain‑specific chips over general‑purpose GPUs for some workloads.
- The analyst points to Broadcom’s chiplet expertise, networking IP, and co‑packaged optics as key pillars of a durable competitive moat. [11]
- The firm values AVGO at around 30× projected FY27 earnings, reflecting confidence in both its semiconductor and software franchises. [12]
Finbold also notes that Wall Street sentiment around AVGO remains broadly bullish: based on TipRanks data compiled in the piece, 29 out of 31 analysts rate the stock a Buy, with an average 12‑month price target near $399.5 and a high estimate reaching $480. [13]
For investors, this initiation adds another voice to an already crowded bullish camp and helps support the stock after a week of AI‑related weakness in the broader market.
2.2 Meyka: Volume Surge, Earnings Countdown and Valuation Snapshot
A same‑day article from Meyka titled “AVGO News Today, Nov 22: Analyzing Broader Impacts of Broadcom’s Price” takes a data‑driven look at Friday’s action and the near‑term setup: [14]
Key takeaways:
- Price & volatility: Meyka clocks AVGO at $340.20, down about 1.9% on the day, with the $331.8–$348.6 trading range highlighting elevated volatility in tech stocks. [15]
- Volume: Trading volume is estimated at 30.3 million, about 50% higher than average, signaling unusually active positioning by institutions and traders. [16]
- Momentum: Over the past six months, Meyka notes a 72% gain, underlining just how strong the longer‑term trend has been despite recent pullbacks. [17]
- Valuation:
- Catalyst: The article flags Broadcom’s next earnings date as December 11, 2025, a view corroborated by technical site StockInvest.us. [20]
Meyka’s bottom line: AVGO’s price decline on Friday sits against a backdrop of strong multi‑month gains, an elevated valuation and intense anticipation for the upcoming earnings report.
2.3 Smartkarma: Price Dip, AI Pipeline and a Multibillion‑Dollar OpenAI Deal
Smartkarma’s Market Movers piece today, titled “Broadcom Inc.’s Stock Price Drops to $339.95, Witnessing a 1.98% Decrease – Is It Time to Buy?”, also focuses on Friday’s session but zooms out to the AI thesis: [21]
Highlights:
- Spot price: The article cites AVGO at $339.95, down 1.98% on the day, with volume around 29.56 million shares. [22]
- YTD performance: Despite the pullback, Smartkarma notes a year‑to‑date gain of about 48%, reflecting strong investor faith in Broadcom’s AI and software strategy. [23]
The piece then lays out a series of developments underpinning the long‑term story:
- Broadcom has introduced a quantum‑safe switch and 128G Brocade Gen 8 SAN switches that are tightly aligned with AI‑heavy data‑center workloads. [24]
- Analysts on the platform discuss a landmark, multibillion‑dollar deal with OpenAI, under which OpenAI is expected to design custom AI accelerators while Broadcom supplies the network connectivity components, with deployments beginning in 2026–2029. [25]
- Smartkarma commentary forecasts AI revenue of roughly $19 billion in 2025 and potentially $30 billion in 2026, suggesting that current market expectations could still be underestimating Broadcom’s AI upside. [26]
Smartkarma assigns AVGO an overall “Smart Score” around 3.4 out of 5, with particularly strong marks for growth and momentum, reinforcing the view that the recent dip is occurring within a still‑bullish long‑term framework. [27]
2.4 Broadcom and VMware Deepen Ties with NEC (Private Cloud Push)
A Simply Wall St article published today highlights a notable strategic development: an expanded Broadcom–NEC partnership around VMware Cloud Foundation. [28]
According to the piece:
- On November 18, 2025, Broadcom announced that NEC will adopt and deliver modern private‑cloud services built on VMware Cloud Foundation, integrating them into NEC’s own infrastructure and offering them as managed solutions to clients. [29]
- For NEC, this modernizes internal IT and supports its BluStellar private‑cloud offerings. For Broadcom, it further validates VMware Cloud Foundation as a core platform for enterprise and telecom‑grade private clouds, reinforcing the “dual engine” growth story of AI semiconductors plus subscription software. [30]
While the article is written primarily from NEC’s perspective, it underscores VMware’s growing role in Broadcom’s long‑term growth and margin mix.
2.5 Institutional Flows and Insider Activity: Mixed but Mostly Supportive
MarketBeat has released several 13F‑based updates on Broadcom holdings today, revealing an active institutional backdrop: [31]
- Telligent Fund LP
- Cut its stake by 52.4%, selling about 22,000 shares in Q2 and retaining 20,000 shares, still making Broadcom its fourth‑largest holding (~5% of the fund). [32]
- Marvin & Palmer Associates Inc.
- Opened a new position, buying 11,350 shares worth roughly $3.1 million, with AVGO now making up about 2.7% of its portfolio. [33]
- Howe & Rusling Inc.
- Increased its AVGO stake by 5.5%, to about 188,256 shares valued near $51.9 million, making Broadcom its third‑largest holding (~3.8% of assets). [34]
- White Pine Capital LLC
- Boosted its position by 77.6%, to roughly 3,030 shares valued around $835,000. [35]
These filings, based on Q2 holdings, paint a picture of net institutional accumulation even as some funds trim positions.
However, the same MarketBeat pieces point out heavy insider selling over the last quarter:
- Director Henry Samueli sold roughly 368,800 shares,
- CEO Hock Tan sold about 100,000–150,000 shares,
- In total, insiders sold about 665,000 shares worth roughly $225 million, while buying only ~3,550 shares over the period. [36]
Insider selling at these valuations doesn’t automatically mean insiders are bearish (it can reflect diversification or tax planning), but it’s a widely watched risk flag when combined with a high P/E.
2.6 Broadcom in the “$3 Trillion Club?” – New Commentary Today
A syndicated piece hosted on Finviz (from Motley Fool) titled “Prediction: These Stocks Will Join the $3 Trillion Club in 3 Years” also dropped on November 22 and explicitly names Broadcom as a candidate. [37]
Key points from that article:
- Broadcom’s current market value is put around $1.62 trillion, implying it would need roughly an 85% gain to reach $3 trillion by 2028. [38]
- Based on that valuation, the author estimates Broadcom needs about 21% compound annual growth in value—something they argue is plausible given recent fundamentals. [39]
- The article emphasizes Broadcom’s custom AI accelerators as its fastest‑growing segment and notes that in Q3 FY 2025, AI‑related revenue grew 63% year‑over‑year while overall revenue rose 22%. [40]
The “$3 trillion club” framing is speculative, but it shows how many commentators now think of Broadcom in the same breath as today’s mega‑cap AI leaders.
3. Macro and Sector Backdrop: AI Slump vs AI Supercycle
Friday’s slide in AVGO wasn’t happening in isolation. An Investopedia market wrap on S&P 500 moves notes that:
- Nvidia, Oracle and Broadcom were among the well‑known names caught in a renewed “AI bubble” scare.
- Broadcom slipped about 1.9%, while AMD fell 1.1% and Nvidia dropped around 1%. [41]
In other words, AVGO’s weakness on Friday was more about sector sentiment than company‑specific bad news.
At the same time, recent analysis from Trefis and others (published earlier this week) paints a very different medium‑term picture:
- Broadcom shares are up over 100% year‑on‑year, driven by surging demand for custom AI chips, record Q3 revenues, and a strong Q4 outlook. [42]
- As hyperscalers race to build AI‑specific infrastructure, Broadcom’s custom accelerators and networking solutions are expected to benefit disproportionately, especially as customers look for alternatives to Nvidia GPUs. [43]
This tension—near‑term AI volatility vs a long‑term AI supercycle—is central to how investors interpret AVGO’s moves around the $340 level.
4. Fundamental Backdrop: Q3 FY 2025 Earnings and the AI–Software “Dual Engine”
Much of today’s commentary, especially Smartkarma, Finbold, Motley Fool and Meyka, rests on Broadcom’s blockbuster Q3 FY 2025 results and guidance:
From Broadcom’s Q3 coverage summarized by Futurum Group and 24/7 Wall St.: [44]
- Revenue: About $16.0 billion, up 22% year‑over‑year and above consensus near $15.8 billion.
- AI semiconductors: Around $5.2 billion in AI revenue, up 63% year‑over‑year, marking ten consecutive quarters of AI growth.
- Segment mix:
- Semiconductor Solutions: +26% YoY to roughly $9.2 billion.
- Infrastructure Software (including VMware): +17% YoY to about $6.8 billion.
- Free cash flow: Roughly $7 billion, up from $4.8 billion a year earlier. [45]
- Guidance: Management expects AI semiconductor revenue to climb to about $6.2 billion in Q4, implying another acceleration in AI growth. [46]
Futurum and other analysts stress several structural drivers: [47]
- Broadcom now counts multiple hyperscaler XPU (accelerator) customers—including Google and Meta—with a fourth major customer widely reported to be OpenAI, plus additional prospective customers like ByteDance and possibly Apple.
- VMware Cloud Foundation gives Broadcom a recurring‑revenue, high‑margin software engine that complements its AI hardware pipeline, a combination that many see as supporting premium valuation multiples well into the next decade.
This “dual engine” (AI chips + software) is exactly what shows up in today’s bullish valuations, analyst upgrades and “$3 trillion club” speculation.
5. How Analysts See AVGO After Today’s News
Putting together the different November 22 publications plus earlier November forecasts, a picture emerges:
5.1 Street Ratings and Targets
- Finbold / TipRanks snapshot (today):
- Rating: Strong Buy consensus from 31 analysts – 29 Buy, 2 Hold.
- Average 12‑month target: Around $399.5.
- Range:$300 (low) to $480 (high). [48]
- MarketBeat coverage (today, referencing recent reports):
- Consensus rating: “Buy” across 35+ analysts, with an average target near $374. [49]
- 24/7 Wall St. (Nov 14 article):
- Cites a median one‑year price target of about $394, with 43 of 46 analysts recommending a Buy, including several tagged as Strong Buy. [50]
Differences between the numbers reflect different data providers and update times, but they all broadly agree on double‑digit upside from around $340, assuming Broadcom can keep executing its AI and software strategy.
5.2 Short‑Term Technical vs Long‑Term Fundamental Views
- Technical read (StockInvest.us, updated through Nov 21):
- Flags AVGO as a short‑term “sell candidate” after a double‑digit drop from late‑October highs.
- Notes sell signals from short‑ and long‑term moving averages and MACD, though the share price still sits within a long‑term rising channel and near support around $338–$335. [51]
- Fundamental read (Finbold, Smartkarma, 24/7, Motley Fool):
- Emphasize Broadcom’s dominant AI portfolio, VMware software growth, record free cash flow, and massive AI order backlog, including the widely discussed OpenAI accelerator deal. [52]
- Project AI revenue to keep climbing sharply into 2026 and beyond, supporting forecasts that AVGO could maintain 20%‑plus growth and possibly approach $3 trillion in market value over the next three years if execution and market conditions cooperate. [53]
For anyone following the stock, today’s news flow mainly reinforces the long‑term bull case while reminding traders that the path there includes meaningful volatility and occasional sectorwide AI sell‑offs.
6. What to Watch Next for Broadcom Investors
Nothing here is financial advice, but based on all the November 22 coverage, these are the metrics and catalysts commentators are watching most closely:
- December 11, 2025 Earnings Report
- Whether Q4 AI semiconductor revenue hits or exceeds the $6.2 billion guidance range. [54]
- Updated VMware Cloud Foundation growth, including traction from deals like NEC’s private cloud rollout. [55]
- Any new major hyperscaler or enterprise AI wins, especially around custom accelerators and AI networking.
- AI Sentiment in Broader Markets
- Continued volatility in Nvidia, AMD, Oracle and other AI plays could keep AVGO’s day‑to‑day price action choppy, regardless of company‑specific news. [56]
- Insider and Institutional Flows
- Heavy insider selling in recent quarters will remain a talking point; investors will watch whether insider activity cools down or continues at the current pace. [57]
- On the flip side, ongoing institutional accumulation—like the new or enlarged positions from Marvin & Palmer, Howe & Rusling and others—helps validate the long‑term institutional thesis. [58]
- Valuation vs Growth Trajectory
- With a P/E in the mid‑80s and a market cap already above $1.6 trillion, Broadcom needs to keep delivering high‑teens to 20%+ growth to justify today’s multiples and the $3T speculation that popped up again in today’s commentary. [59]
Final Thought
As of November 22, 2025, Broadcom stock is caught at the intersection of AI euphoria, valuation anxiety and real, measurable earnings power. Today’s news flow—Raymond James’ bullish initiation, strong institutional interest, NEC’s VMware partnership, and multiple analyses framing AVGO as a potential future $3 trillion giant—leans clearly positive on the long‑term story, even as short‑term technicals and AI‑sector jitters keep the share price volatile around the $340 level.
If you’re following Broadcom, the December 11 earnings report looks like the next decisive checkpoint for whether the stock’s AI and software narrative can keep outrunning the market’s increasingly lofty expectations.
References
1. stockinvest.us, 2. stockinvest.us, 3. stockinvest.us, 4. stockinvest.us, 5. meyka.com, 6. stockinvest.us, 7. stockinvest.us, 8. stockinvest.us, 9. meyka.com, 10. finbold.com, 11. finbold.com, 12. finbold.com, 13. finbold.com, 14. meyka.com, 15. meyka.com, 16. meyka.com, 17. meyka.com, 18. meyka.com, 19. meyka.com, 20. stockinvest.us, 21. www.smartkarma.com, 22. www.smartkarma.com, 23. www.smartkarma.com, 24. www.smartkarma.com, 25. www.smartkarma.com, 26. www.smartkarma.com, 27. www.smartkarma.com, 28. simplywall.st, 29. simplywall.st, 30. simplywall.st, 31. www.marketbeat.com, 32. www.marketbeat.com, 33. www.marketbeat.com, 34. www.marketbeat.com, 35. www.marketbeat.com, 36. www.marketbeat.com, 37. finviz.com, 38. finviz.com, 39. finviz.com, 40. finviz.com, 41. www.investopedia.com, 42. www.trefis.com, 43. futurumgroup.com, 44. futurumgroup.com, 45. futurumgroup.com, 46. futurumgroup.com, 47. futurumgroup.com, 48. finbold.com, 49. www.marketbeat.com, 50. 247wallst.com, 51. stockinvest.us, 52. finbold.com, 53. finviz.com, 54. futurumgroup.com, 55. simplywall.st, 56. www.investopedia.com, 57. www.marketbeat.com, 58. www.marketbeat.com, 59. meyka.com
