Broadcom (AVGO) Stock: What to Know Before the US Market Opens Today

Broadcom Inc. (NASDAQ: AVGO) heads into Friday’s US trading session under pressure, with both the stock and the broader tech complex facing renewed volatility as investors reassess the odds of a December Federal Reserve rate cut.

After a sharp sell‑off in mega‑cap tech on Thursday, AVGO is trading modestly lower in premarket action, even as its long‑term AI and cloud story remains intact and institutional investors continue to adjust positions ahead of Broadcom’s next earnings report on December 11, 2025. ^[1]

Below is a detailed, news‑driven look at what matters for Broadcom stock before the opening bell today.

Broadcom stock premarket snapshot for November 14, 2025

Where shares stand after Thursday’s drop

Broadcom closed Thursday, November 13, 2025, at $339.98, down about 4.3% on the day, with heavy volume of roughly 22.6 million shares. Intraday, the stock traded between $334.16 and $353.55. ^[2]
Over the last 52 weeks, AVGO has traded between $138.10 and $386.48. At Thursday’s close, that leaves the stock roughly 12% below its recent all‑time high, but more than 140% above its 52‑week low, underscoring just how strong the multi‑year AI and infrastructure rally has been. ^[3]

Premarket pricing

As of early Friday premarket trading, AVGO’s last quoted premarket price is around $336.17, roughly 1.1% below Thursday’s close of $339.98, on pre‑market volume of about 71,000 shares. ^[4]
Data from Reuters also shows Broadcom trading slightly lower along with other chipmakers, with AVGO down in the 0.4%–0.9% range in early derivatives‑driven trading. ^[5]

Taken together, the numbers suggest mild follow‑through selling on top of Thursday’s steep drop, rather than a fresh, idiosyncratic shock specifically targeting Broadcom.

Macro backdrop: Fed jitters and tech volatility weigh on AVGO

Today’s premarket weakness in Broadcom is happening against a risk‑off macro backdrop:

US index futures are down: At around 5:30 a.m. ET, Dow futures were off about 0.2%, S&P 500 futures roughly 0.2%, and Nasdaq 100 futures close to 0.5% lower, according to Reuters. ^[6]
The move comes after the steepest daily decline in over a month for the three major US indices on Thursday, led by heavyweight tech stocks – the same group that has powered much of the market’s gains in 2025. ^[7]
A series of hawkish comments from Federal Reserve officials has cut market expectations for a December rate cut to under 50%, down from roughly two‑thirds odds last week. ^[8]

In the chip sector specifically:

Applied Materials (AMAT) warned about weaker China spending because of stricter US export controls, sending its stock almost 5% lower in premarket trading and dragging down other semiconductor names. ^[9]
Reuters notes that Broadcom, Intel and AMD are all down in premarket trade, reflecting both the AMAT warning and broader concerns about AI and tech valuations after a massive run‑up. ^[10]

For AVGO holders, that means today’s early move is being driven more by the macro and sector narrative—Fed path, earnings‑sensitive semis, and AI valuation worries—than by any company‑specific negative surprise.

Fresh Broadcom & VMware news investors should watch

While macro is driving the tape today, Broadcom has also delivered new strategic news this week that could shape sentiment over the medium term.

1. Open ecosystem for VMware Cloud Foundation (published Nov. 13)

On Thursday, Broadcom announced it is launching an “open ecosystem” for VMware Cloud Foundation (VCF), the integrated private cloud software bundle that sits at the heart of its VMware strategy. ^[11]

Key points from that announcement and follow‑up reporting:

Broadcom plans to broaden hardware and partner support for VCF, enabling enterprises to run VMware Cloud Foundation across a wider variety of data‑center and edge hardware. ^[12]
A new open hardware certification program introduces VCF AI ReadyNodes and expanded support for OEM and ODM partners. Early hardware partners include Supermicro, Cisco and Intel, whose systems will be among the first to undergo certification for AI‑centric workloads. ^[13]
This push is positioned as a way to make VCF a private‑cloud alternative to hyperscalers, giving enterprises more choice in where and how they deploy virtualized and AI workloads. ^[14]

Some analysts quoted in CIO Dive are cautious, suggesting that the “open ecosystem” branding may resemble prior VMware certification programs more than a true open‑source model. Still, the move underlines Broadcom’s intent to lock in VMware as the backbone of high‑margin hybrid‑cloud deployments, a key part of its software‑driven growth story. ^[15]

2. Ongoing VMware licensing and partner changes

Earlier commentary from partners and MSPs has highlighted pain points around Broadcom’s VMware licensing changes, including the end of older “white label” and legacy partner models and tighter rules on which partners can sign new customers. ^[16]

For investors, that means:

Near‑term churn risk for smaller customers and channel partners, but
Potential higher long‑term ARPU as Broadcom drives customers into higher‑value VCF bundles and subscription pricing.

Today’s news flow doesn’t introduce a new VMware shock, but it reinforces the narrative that VMware is being reshaped into a higher‑margin, more tightly controlled platform—something Wall Street generally sees as supportive for earnings, even if customers grumble.

Institutional flows in AVGO on November 14: who’s buying and selling?

A cluster of fresh 13F‑related headlines hitting this morning shows continued institutional interest in Broadcom, with both buyers and sellers active.

Big ETF manager boosts stake

ProShare Advisors LLC disclosed that it boosted its holdings in Broadcom by about 5.4% in Q2, bringing the position’s value to approximately $1.59 billion. ^[17]
This type of increase from a major ETF and fund manager underscores Broadcom’s importance as a core holding in large, tech‑heavy portfolios.

RIAs adding to positions

MarketBeat and DefenseWorld coverage highlights several mid‑size wealth managers increasing exposure: ^[18]

Americana Partners LLC increased its AVGO stake by 2.0%, adding 3,609 shares in Q2 and bringing its total to nearly 188,000 shares. Broadcom now accounts for about 1.8% of the firm’s portfolio and is its 8th‑largest holding. ^[19]
Aspen Wealth Strategies LLC lists Broadcom as its 6th‑largest position, signaling high conviction in the name among high‑net‑worth–focused advisors. ^[20]
Searle & CO. reported a new position in Broadcom, adding another incremental institutional buyer to the shareholder registry. ^[21]

Some trimming on the other side

Not all flows are one‑way:

King Luther Capital Management Corp reduced its Broadcom stake by around 0.3%, selling 5,062 shares in the second quarter. ^[22]
Laffer Tengler Investments also reported selling a portion of its AVGO shares, marking a low‑double‑digit percentage reduction in its position, even though the firm continues to hold the stock. ^[23]

Net‑net, today’s filings paint a picture of Broadcom as a heavily‑owned institutional favorite, with incremental net buying from large managers, while some investors lock in gains after the stock’s massive multi‑year rally.

Options “whale” activity: downside hedging shows up in AVGO puts

Fresh options data from Benzinga’s unusual options activity scanner shows Broadcom on the list of information technology stocks with “whale alerts” on Thursday. ^[24]

One standout trade:

A bearish put trade in AVGO with:
- Strike: $320
- Expiration: November 21, 2025
- Total premium traded: about $90,500
- Marked as “bearish” by Benzinga’s scanner. ^[25]

While a single trade doesn’t define sentiment, this kind of position often signals either outright downside speculation or hedging by an investor who already holds AVGO shares and wants short‑term protection after recent volatility.

Today, that options backdrop adds to the picture of cautious positioning into a macro‑driven selloff, rather than panic. Traders will watch whether further put buying emerges if AVGO continues to drift lower toward the low‑$330s or high‑$320s.

Fundamental backdrop: AI growth, Q3 2025 earnings and Q4 guidance

The short‑term tape is messy, but Broadcom’s fundamental story remains anchored in strong AI and infrastructure demand.

Q3 2025: robust growth, strong margins

Broadcom’s latest reported quarter (fiscal Q3 2025, ended August 3) delivered standout numbers: ^[26]

Revenue: $15.95 billion, up 22% year‑over‑year
GAAP net income: about $4.14 billion, a swing from a loss in the same quarter a year earlier
Non‑GAAP net income: $8.40 billion
Non‑GAAP diluted EPS:$1.69
Adjusted EBITDA margin: roughly 67% of revenue
Free cash flow: around $7.0 billion, about 44% of revenue

Crucially for the AI narrative:

Q3 AI semiconductor revenue grew about 63% year‑over‑year, beating Broadcom’s own guidance of 60% AI growth. ^[27]
Management also signaled even faster AI growth in Q4, guiding AI‑chip revenue growth toward the high‑60% range, supported in part by a new, unnamed AI ASIC customer that several analysts believe could be a major generative‑AI platform. ^[28]

Q4 and full‑year 2025 guidance

In its Q3 release, Broadcom issued bullish Q4 guidance: ^[29]

Q4 revenue is projected at roughly $17.4 billion, about 24% higher than the prior‑year quarter.
Adjusted EBITDA is again expected at ~67% of projected revenue, implying continued strong margins even as Broadcom invests heavily in AI and VMware integration.

Broadcom will report Q4 and full‑year 2025 results on Thursday, December 11, 2025, after the US market close, with its earnings call scheduled for 5:00 p.m. ET. ^[30]

That date is a major catalyst on the medium‑term calendar for AVGO traders and longer‑term investors alike.

Analyst sentiment and price targets

Across multiple data providers, Wall Street remains broadly positive on Broadcom:

MarketBeat data shows roughly 34 analysts covering the stock with an average 12‑month price target around the low‑to‑mid $370s, with some targets stretching into the $400–$460 range. ^[31]
StockAnalysis reports a “Strong Buy” consensus from 28 analysts with an average target near $353.86, and a target range roughly between $210 and $450. ^[32]
Investing.com’s aggregation points to a largely buy‑rated analyst base with an average target in the high‑$300s and upside potential in the mid‑teens from recent prices. ^[33]

While each dataset differs, the common thread is broadly bullish analyst positioning, with target prices clustering above the current mid‑$330s to low‑$340s trading range.

Key levels and catalysts to watch in AVGO today

Before the bell, here are the practical things traders and investors are likely watching for Broadcom on November 14:

1. Can AVGO hold the low‑$330s?

Thursday’s low near $334 and the premarket price around $336 effectively define a near‑term support zone. ^[34]

A decisive break below that area on heavy volume could open the door to tests of the $320 strike, where today’s notable put activity sits. ^[35]
If AVGO stabilizes or bounces from this zone despite weak futures, it would suggest that dip‑buyers are still active in this high‑conviction AI name.

2. Sector sentiment and Nvidia’s upcoming earnings

Reuters notes that Nvidia’s results next week are seen as a critical test for the AI trade and for richly valued chip stocks broadly. ^[36]

A strong Nvidia print and guidance could reignite enthusiasm for AI infrastructure plays like Broadcom.
Conversely, any disappointment could pressure AVGO and the wider group, especially after such a long stretch of outperformance.

3. Additional headlines about VMware and enterprise cloud budgets

Investors will also be scanning for:

More customer or channel reactions to VMware licensing changes and the new VCF “open ecosystem” structure. ^[37]
Commentary from CIOs or partners about 2026–2027 cloud and AI infrastructure budgets, which could either validate or challenge Broadcom’s bullish long‑term guidance.

4. Rate‑cut expectations and yields

Because Broadcom now carries a market cap of around $1.6–$1.7 trillion and trades with a beta above 1.5, it tends to be highly sensitive to changes in interest‑rate expectations and equity risk appetite. ^[38]

If bond yields reverse lower or Fed commentary softens, high‑multiple AI names like AVGO could quickly snap back. If hawkish rhetoric persists, further de‑risking remains a possibility.

Bottom line for Broadcom stock before today’s US market open

Putting it all together:

Short‑term tone: Cautiously negative. AVGO is drifting lower in premarket trade after a steep drop on Thursday, in sympathy with softer US futures, hawkish Fed commentary, and a sector‑wide pullback triggered by export‑control worries at Applied Materials. ^[39]
Flow picture: Institutional filings out this morning show ongoing net accumulation by major funds and RIAs, even as a few managers trim positions to lock in profits. Options data indicates some short‑dated downside hedging via puts near the $320 level. ^[40]
Fundamental story: Broadcom’s latest quarter featured double‑digit revenue growth, very high margins, and explosive AI‑chip demand, with management guiding to even stronger AI growth into Q4 and flagging December 11 as the next major earnings catalyst. ^[41]
Strategic angle: This week’s announcement of an open ecosystem for VMware Cloud Foundation reinforces Broadcom’s ambition to dominate private‑cloud and hybrid‑cloud infrastructure, though the pace of customer adoption and backlash to licensing changes remain important swing factors. ^[42]

For traders, the focus today is likely on whether AVGO can stabilize around the mid‑$330s despite macro headwinds, and on any fresh headlines touching AI demand, VMware adoption, or Fed policy expectations.

For longer‑term investors, today’s premarket softness appears—at least so far—to be part of a macro‑driven shake‑out in a stock that remains deeply tied to secular themes in AI, networking, and cloud infrastructure.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any security. Always do your own research or consult a licensed financial advisor before making investment decisions.

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