Broadcom (AVGO) Stock: AI Mega‑Deals and 18% Weekly Rally Set the Stage for December 1, 2025 Open

Broadcom Inc. (NASDAQ: AVGO) heads into Monday, December 1, 2025’s U.S. market open sitting near record highs, riding an AI‑driven wave of enthusiasm that has turned the chip and infrastructure giant into a roughly $1.9 trillion behemoth. ^[1]

After a powerful Thanksgiving week, AVGO is now one of the standout gainers in big‑cap tech, with Wall Street fixated on custom AI accelerators, hyperscaler deals with Google and OpenAI, and a closely watched earnings report due on December 11.

Between November 28 and 30, a flurry of fresh headlines – from bullish “$3 trillion club” predictions to options‑market strategies and institutional trading updates – has sharpened the narrative around Broadcom’s stock just as December trading is about to begin.

Broadcom stock heads into December near record highs

At the close on Friday, November 28, Broadcom shares finished at $402.96, with volume of more than 13.3 million shares. That’s essentially right at the stock’s 52‑week high of $403 and well above its 52‑week low near $138. ^[2]

That price tag implies a market capitalization of roughly $1.9 trillion, putting Broadcom among the very largest publicly traded companies globally. ^[3]

Recent performance has been extraordinary:

~18% gain over the past week, according to Quiver Quantitative data, making AVGO one of the most explosive large‑cap movers heading into December. ^[4]
Share price up around 140–150% over the past year, based on performance data from Investing.com. ^[5]
Up about 7–8% in November alone, one of only a minority of large tech names that managed a positive month, as highlighted by a MarketWatch review of sector winners. ^[6]

Quiver Quantitative also notes that AVGO has been the third most‑searched ticker on its platform over the past week – a sign of intense retail and institutional attention. ^[7]

With the stock essentially priced at all‑time highs and enthusiasm running hot, the opening print on Monday, December 1, 2025 will be a test of whether Broadcom’s new price range around $400 can act as support or attracts profit‑taking after the recent surge.

AI mega‑deals with OpenAI and Google underpin the rally

A big part of Broadcom’s late‑2025 story is its position at the center of the custom AI chip boom.

OpenAI: 10 gigawatts of custom accelerators

On October 13, 2025, OpenAI and Broadcom announced a multi‑year collaboration to deploy 10 gigawatts of custom AI accelerators, with OpenAI designing the chips and Broadcom co‑developing and supplying the accelerators and Ethernet‑based networking for next‑generation AI clusters. ^[8]

Key details:

Broadcom will provide accelerators plus end‑to‑end Ethernet, PCIe and optical connectivity.
Racks of accelerators are scheduled to start deploying in the second half of 2026, running through 2029. ^[9]
The deal cements Broadcom as a core supplier of custom silicon for one of AI’s highest‑profile players.

This arrangement supports the thesis, repeated in multiple recent analyst notes, that Broadcom’s custom ASICs can act as a lower‑cost, power‑efficient alternative to Nvidia GPUs in large inference and training clusters – a theme that’s central to many of the bullish forecasts now circulating. ^[10]

Google TPUs, Meta, and a shifting AI chip landscape

Broadcom is also a key silicon partner behind Google’s Tensor Processing Units (TPUs). Recent reporting suggests Google is in talks to offer its AI chips to Meta Platforms and potentially other customers, marking a major shift from the era when TPUs were used mainly inside Google’s own data centers. ^[11]

Those developments matter for AVGO because:

Broadcom co‑designs and manufactures Google’s custom AI chips, meaning any large‑scale TPU rollout to Meta or others would likely translate into multi‑year revenue visibility for Broadcom. ^[12]
Articles from Barron’s and GuruFocus have framed the Meta–Google talks as a potential rebalancing of AI chip demand away from Nvidia and toward custom solutions where Broadcom is one of the main beneficiaries. ^[13]

Combined with the OpenAI deal, these relationships help explain why several commentators now describe Broadcom as a “sleeper winner” of the AI infrastructure build‑out – not always as visible as Nvidia, but deeply embedded in the fabric of hyperscale data centers. ^[14]

What the November 28–30 headlines say about AVGO

The user asked specifically about current news from November 28–30, 2025, so here’s a structured rundown of the most relevant coverage in that window and how it frames Broadcom stock going into December 1.

November 28: Outperformance stories and new positions

On Friday, November 28:

Zacks published “Broadcom Inc. (AVGO) Outperforms Broader Market: What You Need to Know,” highlighting that the stock had outpaced major indices and revisiting its strong recent earnings trajectory. ^[15]
Yahoo Finance ran a feature asking whether Broadcom’s roughly 34% gain over the past three months is justified by its underlying financial profile, focusing on return on equity and the sustainability of profit margins. ^[16]
A MarketBeat filing summary showed F M Investments LLC acquiring a new AVGO position, and reiterated that Broadcom’s revenue is up 22% year over year while analysts expect full‑year EPS around 5.38 (on whatever per‑share basis their model uses). ^[17]

Broadcom also appeared in broader market wrap‑ups describing how a handful of AI‑linked names helped power one of the best Thanksgiving weeks for U.S. stocks since 2008. ^[18]

November 29: AI growth, price targets and options‑market bets

Saturday, November 29, brought a wave of AI‑focused analysis:

“Broadcom (AVGO) Eyes Major AI Growth in 2026; Analysts Raise PT Before Earnings.”
Insider Monkey/Finviz reported that Goldman Sachs analyst James Schneider reaffirmed a Buy rating and raised his price target from $380 to $435, with a core thesis that Broadcom’s AI revenue could reach $45.4 billion in fiscal 2026 and $77.3 billion in 2027 as custom XPU shipments ramp. ^[19]
“Is Broadcom (AVGO) One of the Best Performing AI Stocks to Invest In?”
Another piece noted that Broadcom is among the 15 best‑performing AI stocks heading into 2026, again pointing to the new Goldman price target and the expectation that investors will scrutinize FY26 AI revenue guidance and margin trends. ^[20]

Options traders also entered the picture:

Investor’s Business Daily outlined a bull put spread on AVGO ahead of earnings, observing that the options market is pricing in roughly a 10.1% move around the December 11 report. The suggested trade profits if the stock stays above $355, underscoring how far the current price has run above that level. ^[21]

And sentiment indicators turned noisy:

A Quiver Quantitative update highlighted that AVGO rose 18% over the week and has become the third most‑searched ticker on its platform, reflecting intense investor interest after the AI headlines. ^[22]
MarketBeat reported additional institutional activity, including Wealthquest Corp taking a new position and WealthTrust Axiom LLC acquiring 807 shares of Broadcom, both based on second‑quarter filings. ^[23]

Finally, Broadcom appeared repeatedly in Motley Fool coverage – sometimes as the star, sometimes as the benchmark other AI names are compared against. One widely shared piece argued another chip stock, not Broadcom, is the best AI buy for December, underscoring that not all commentators see AVGO as the most attractively valued option at current levels. ^[24]

November 30: $3 trillion club talk and mixed institutional flows

On Sunday, November 30, the tone became even more ambitious:

A Motley Fool article predicted that Broadcom could join Nvidia, Apple, Microsoft and Alphabet in the “$3 trillion club” by 2027, citing:
- AI‑data‑center demand
- The OpenAI accelerator deal
- Strong recent revenue growth (Q3 revenue up 22% year over year to ~$15.9 billion)
- And the idea that Broadcom’s forward price‑to‑sales and PEG ratios still leave room for upside if growth targets are met. ^[25]
A separate AInvest analysis went in a similar direction, describing Broadcom as an “AI‑driven semiconductor play” that could be a $3 trillion market‑cap contender by 2027, while simultaneously flagging VMware integration and licensing changes as a key operational risk.

At the same time, Sunday brought more 13F‑style filing updates via MarketBeat:

Railway Pension Investments Ltd disclosed it had trimmed its Broadcom stake by about 14.2% in Q2.
Bernardo Wealth Planning LLC reported cutting its position by around 69% over the same period.
BLI Banque de Luxembourg Investments said it had reduced its AVGO holdings by about 48.1%, even though its position still totaled roughly $19.9 million.
Meanwhile, Orleans Capital Management Corp LA disclosed a new $682,000 AVGO position, indicating that not all institutions are taking profits; some are still initiating exposure at these levels.

The net effect: late‑November news flow is overwhelmingly focused on AI upside and valuation, but the filings reveal a more nuanced picture, with some long‑time holders locking in gains while others rotate in ahead of earnings.

Fundamentals: Q3 beat and Q4 guidance in focus

Underneath the hype, Broadcom’s recent financial results have been undeniably strong.

In its third quarter of fiscal 2025, Broadcom reported:

Revenue of about $15.95 billion, up 22% year over year.
AI semiconductor revenue of roughly $5.2 billion, growing 63% year over year, driven by demand for custom AI accelerators.
Adjusted EBITDA of about $10.7 billion, implying 67% margins and reflecting significant operating leverage.
Around $7.0 billion in free cash flow, 44% of revenue, giving Broadcom ample firepower for R&D, acquisitions, and shareholder returns.

Management guided for Q4 FY 2025 revenue around $17.4 billion, roughly 24% year‑over‑year growth, and signaled that AI semiconductors would continue to be the main engine.

However, not all parts of the business are firing equally:

The VMware acquisition (completed in late 2023) is still working through integration pains, including aggressive shifts to subscription licensing and steep price increases that have frustrated many enterprise customers and partners.
Channel and licensing changes have created churn and uncertainty even as VMware’s software margins are attractive over the long term.

That mix – explosive AI growth plus a complex VMware transition – is one reason analysts see December 11’s earnings call as so important.

According to the company’s own investor relations announcements, Broadcom will release Q4 and full‑year 2025 results on Thursday, December 11, 2025, after the market close, followed by a conference call at 5:00 p.m. Eastern Time.

Valuation check: priced for perfection?

At roughly $403 per share, Broadcom is no longer a quiet value play.

FinanceCharts estimates AVGO’s trailing P/E ratio at about 103, with a forward P/E near the mid‑30s based on current earnings expectations.
Market‑cap data from multiple sources place Broadcom’s value in the $1.88–1.90 trillion range as of late November.

Many recent articles acknowledge that this is a premium valuation, but argue it could still be justified if:

AI‑related revenue truly scales toward the $45–77 billion range for FY 2026–2027, as Goldman Sachs and others are forecasting.
Broadcom successfully stabilizes VMware’s customer base and realizes the high‑margin software synergies it has promised.
Hyperscaler spending on AI clusters continues to accelerate, and Broadcom maintains or grows its share of that spend.

On the flip side, options‑market pricing of a 10%+ move around earnings is a reminder that expectations are sky‑high and volatility risk is real.

What to watch at the December 1, 2025 open

Going into Monday’s U.S. session, here are the key themes traders and longer‑term investors are likely to focus on:

1. Can AVGO hold the $400 line?

With the stock essentially at record levels after an 18% weekly surge, early trading will reveal whether:

The $400 area becomes new support, signaling confidence ahead of earnings, or
A wave of profit‑taking emerges from institutions that have already begun to trim positions, as evidenced by recent filings.

2. Incoming AI headlines

Any new tidbits around:

The OpenAI accelerator rollout timeline,
Additional Google TPU design wins, or
Further confirmation that Meta or other large customers are shifting part of their AI compute to custom silicon

could quickly move the stock, given how central these themes now are to valuation.

3. Expectations for December 11 earnings

Market commentary over the November 28–30 window has largely converged around a few focal points for the upcoming report:

FY 2026 AI revenue guidance and how much OpenAI and Google are expected to contribute.
Gross‑margin progression as custom XPU and ASIC sales scale (these can carry different margins than traditional networking chips).
Updated VMware integration commentary, particularly around customer churn and pricing pushback.
Any hints about capital allocation – including dividends and buybacks – given Broadcom’s strong free cash flow.

4. Sector rotation and AI fatigue

Even though AVGO has been a November winner, many AI and semiconductor names have seen recent pullbacks. Some strategists are watching for:

Whether Broadcom continues to decouple positively from peers like Nvidia and AMD, or
Whether AI‑related profit‑taking hits the entire group simultaneously.

Bottom line

Ahead of the December 1, 2025 market open, Broadcom stock sits at a crossroads:

Momentum is firmly bullish, powered by record results, spectacular AI growth, and headline‑grabbing partnerships with OpenAI and Google.
Valuation is demanding, with AVGO trading at more than 100 times trailing earnings and near 37 times forward estimates, implying that much of the anticipated AI upside is already embedded in the price.
News from November 28–30 paints a picture of investors repositioning: some institutions cashing in after a huge run, others establishing new stakes, and commentators split between calling Broadcom a “$3 trillion club” candidate and warning that other AI stocks may offer better risk‑reward.

For traders and investors watching Monday’s open, Broadcom has become one of the defining AI sentiment gauges on the market. How AVGO behaves around the $400 level – and how the story evolves as December 11 approaches – will say a lot about whether this AI‑driven rally still has room to run.

This article is for informational purposes only and does not constitute investment advice. Always do your own research or consult a licensed financial adviser before making investment decisions.

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