Broadcom (AVGO) Stock Soars on Google AI Chip Partnership and VMware Momentum: What Investors Need to Know Now
Broadcom shares closed near $403 Friday, up 18% for the week and near a 52-week high, after an 11% surge led the S&P 500 on November 24. The stock has gained 16% since Google’s Gemini 3 AI launch and 7.6% in November, bucking a broader tech sector decline. Q3 revenue hit $16 billion, with AI chip sales up 63%. Risks include insider selling, a VMware-related lawsuit, and customer pushback on licensing.