Broadcom Inc. (AVGO) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Broadcom (AVGO) by buying shares or fractional shares at any major broker, through an ETF that holds it (SMH, SOXX, QQQ), or as one holding in a thematic basket. Broadcom is a high-quality compounder that pairs dominant networking and custom-AI silicon (XPUs for Google's TPU and Meta's MTIA, plus Ethernet switch chips) with a high-margin enterprise software arm from the VMware acquisition. The combination of AI-driven semiconductor growth and steady dividend growth is unusual in the chip industry.
AVGO stock price
As of 2026-09-08, Broadcom Inc. (AVGO) last closed at $368.56, up 9.5% over the past year. Over the past 52 weeks it has traded between $293.41 and $481.57.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Broadcom Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Broadcom Inc. (AVGO) do?
Broadcom is one of the largest semiconductor companies in the world, plus a major enterprise software business after acquiring VMware in 2023. The semiconductor business has two main pieces. Networking and wireless silicon (Ethernet switches, optical components, custom ASICs for hyperscalers) is critical to AI data centers. Custom silicon (XPUs) for hyperscaler AI accelerators is a major growth driver: Broadcom designs custom AI chips for customers like Google (TPU), Meta (MTIA), and others.
The software business is built around VMware's hybrid-cloud and virtualization stack, plus security and mainframe software from earlier acquisitions (Symantec, CA Technologies). Broadcom is led by Hock Tan, who has built the company through a series of major acquisitions over 15 years. Headquartered in Palo Alto, California. The corporate history traces back to Avago Technologies, which acquired the original Broadcom Corporation in 2016 and adopted its name.
What's driving Broadcom Inc. (AVGO)?
1. Custom AI accelerators (XPUs) for hyperscalers.
Broadcom is the leading designer of custom AI chips for hyperscaler customers. Google TPU, Meta MTIA, and rumored OpenAI silicon are all Broadcom-designed. This business is growing rapidly as hyperscalers seek alternatives to buying NVIDIA GPUs at retail prices.
2. AI networking silicon.
AI data center networking (high-speed Ethernet switches, optical interconnects, programmable network processors) is one of the fastest-growing semiconductor segments. Broadcom dominates Ethernet switch silicon (used in Arista, Cisco, Juniper systems).
3. VMware integration and software margins.
The VMware acquisition (~$70 billion) is being integrated aggressively, with significant cost reductions and price increases on VMware products. Software now contributes a meaningful portion of operating income with high margins.
4. Dividend growth.
Broadcom has a long history of consistent dividend growth and has emerged as one of the larger payers among mega-cap tech. Capital return is a meaningful part of the total return story.
What are the risks to Broadcom Inc. (AVGO)?
What is the Broadcom Inc. (AVGO) forecast?
46 analysts publish price targets on AVGO, averaging $525.97 against a $369.68 price as of September 2026, or +42.3%. The published targets run from $215.88 to $675.00, a wide spread, and the ratings split 45 buy, 4 hold, 0 sell. Over the last six months there have been 6 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full AVGO forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is AVGO a buy or a sell?
We give no verdict on Broadcom Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Custom AI accelerators (XPUs) for hyperscalers. Broadcom is the leading designer of custom AI chips for hyperscaler customers. The most optimistic published target, $675.00, assumes this works close to its best case.
The case against. Customer concentration in custom AI silicon (top customers are Google, Meta, possibly OpenAI). The most pessimistic target, $215.88, is roughly what AVGO is worth if this bites instead.
Read the full bull and bear case on AVGO, including what would have to change to break either one. Walnut is not an investment adviser.
Has Broadcom Inc. (AVGO) split its stock?
Yes. Broadcom Inc. (AVGO) has had one share split in the last 10 years:
- 10:1 on July 15, 2024, so every share held became 10 shares.
A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of AVGO the day before the 10:1 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.
Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.
How is Broadcom Inc. (AVGO) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Broadcom Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$60 billion (combined semis and software)
- Operating margin: ~50%
- Net income (TTM): ~$20 billion
- EPS (TTM): ~$4.30
- P/E (TTM): ~45x
- Price to sales: ~15x
- Dividend yield: ~1.2%, with steady growth
- Free cash flow: ~$25 billion annually
- Custom AI silicon revenue: ~$15+ billion annually and growing rapidly
Broadcom's premium valuation reflects the combination of dominant networking semiconductor positions, fast-growing custom AI silicon revenue, and high-margin enterprise software from VMware. P/E of 45x is high but supported by the AI-driven revenue acceleration.
Which ETFs hold Broadcom Inc. (AVGO)?
If you want AVGO exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in AVGO | Expense ratio | |
|---|---|---|---|---|
| IGM | iShares Expanded Tech Sector ETF | 7.6% | 0.39% | |
| ACWI | iShares MSCI ACWI ETF | ~1.9% | 0.32% | |
| MTUM | iShares MSCI USA Momentum Factor ETF | 4.00% | 0.15% | |
| SPLG | SPDR Portfolio S&P 500 ETF | 2.1% | 0.02% | |
| SPXL | Direxion Daily S&P 500 Bull 3X Shares | ~2% | ~0.90% | |
| VOOG | Vanguard S&P 500 Growth ETF | 5.88% | 0.07% | |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 5.5% | 0.04% | |
| BULZ | MicroSectors Solactive FANG Innovation 3X Leveraged ETNs | 6.56% | 0.95% | |
| SCHX | Schwab U.S. Large-Cap ETF | 3.09% | 0.03% | |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | 2.65% | 0.35% | |
| VOO | Vanguard S&P 500 ETF | ~3.3% | 0.03% | |
| SPY | SPDR S&P 500 ETF Trust | ~1.7% | 0.0945% | |
| QQQ | Invesco QQQ Trust | ~4.5% | 0.20% | |
| VTI | Vanguard Total Stock Market ETF | ~1.5% | 0.03% | |
| VT | Vanguard Total World Stock ETF | ~1.1% | 0.07% | |
| AIQ | Global X Artificial Intelligence & Technology ETF | ~3.5% | 0.68% | |
| VIG | Vanguard Dividend Appreciation ETF | ~4.8% | 0.05% | |
| DGRO | iShares Core Dividend Growth ETF | ~3.0% | 0.08% | |
| QYLD | Global X Nasdaq 100 Covered Call ETF | ~5.0% | 0.61% | |
| ITOT | iShares Core S&P Total US Stock Market ETF | ~1.5% | 0.03% | |
| VTV | Vanguard Value ETF | ~3.0% | 0.04% | |
| QQQM | Invesco Nasdaq 100 ETF | ~4.5% | 0.15% | |
| SMH | VanEck Semiconductor ETF | ~7.6% | 0.35% | |
| SOXX | iShares Semiconductor ETF | ~8.4% | 0.35% | |
| VGT | Vanguard Information Technology ETF | ~4.0% | 0.09% | |
| XLK | Technology Select Sector SPDR Fund | ~4.3% | 0.09% | |
| SCHD | Schwab US Dividend Equity ETF | ~4.4% | 0.06% | |
| VYM | Vanguard High Dividend Yield ETF | ~3.1% | 0.06% | |
| IVV | iShares Core S&P 500 ETF | ~1.7% | 0.03% | |
| VUG | Vanguard Growth ETF | ~3.0% | 0.04% | |
| SCHG | Schwab US Large-Cap Growth ETF | ~3.0% | 0.04% | |
| MGK | Vanguard Mega Cap Growth ETF | ~3.5% | 0.07% | |
| CIBR | First Trust Nasdaq Cybersecurity ETF | ~6.4% | 0.58% | |
| FTEC | Fidelity MSCI Information Technology Index ETF | 4.0% | 0.08% | |
| ONEQ | Fidelity Nasdaq Composite Index ETF | approximately 4% | 0.21% | |
| SCHB | Schwab U.S. Broad Market ETF | ~2.3% | 0.03% | |
| TECL | Direxion Daily Technology Bull 3X Shares | Approximately 5.7% | Approximately 0.94% | |
| SPYI | NEOS S&P 500 High Income ETF | ~2% | 0.68% | |
| IWF | iShares Russell 1000 Growth ETF | ~5.1% | 0.18% | |
| BBUS | JPMorgan BetaBuilders U.S. Equity ETF | ~3.0% | 0.02% | |
| CHPX | Global X AI Semiconductor & Quantum ETF | ~9.2% | 0.50% | |
| FDVV | Fidelity High Dividend ETF | ~3.0% | 0.15% | |
| HACK | Amplify Cybersecurity ETF | ~8.5% | 0.60% | |
| JGRO | JPMorgan Active Growth ETF | ~3.8% | 0.44% | |
| QQQI | NEOS Nasdaq-100 High Income ETF | ~4.5% | 0.68% | |
| TPAY | Roundhill S&P 500 Target 10 Managed Distribution ETF | ~3% | 0.49% | |
| XYLD | Global X S&P 500 Covered Call ETF | ~3% | 0.60% | |
| IVW | iShares S&P 500 Growth ETF | 5.0% | 0.18% | |
| VV | Vanguard Morningstar Large-Cap ETF | 2.8% | 0.03% | |
| VONG | Vanguard Russell 1000 Growth Index Fund ETF Shares | 5.2% | 0.06% | |
| IWB | iShares Russell 1000 ETF | 2.5% | 0.15% | |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | 2.8% | 0.26% | |
| CGDV | Capital Group Dividend Value ETF | 4.8% | 0.33% | |
| IUSG | iShares Core S&P U.S. Growth ETF | 4.8% | 0.04% | |
| IYW | iShares U.S. Technology ETF | 4.2% | 0.38% | |
| CGGR | Capital Group Growth ETF | 4.7% | 0.39% | |
| SPMO | Invesco S&P 500 Momentum ETF | 6.0% | 0.13% | |
| DFUS | Dimensional U.S. Equity Market ETF | 2.5% | 0.09% | |
| OEF | iShares S&P 100 ETF | 3.9% | 0.20% | |
| IWV | iShares Russell 3000 ETF | 2.4% | 0.20% | |
| ESGU | iShares ESG Aware MSCI USA ETF | 2.6% | 0.15% | |
| IWY | iShares Russell Top 200 Growth ETF | 5.6% | 0.20% | |
| DGRW | WisdomTree U.S. Quality Dividend Growth Fund | 2.3% | 0.28% | |
| BAI | iShares A.I. Innovation and Tech Active ETF | 3.9% | 0.55% | |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 2.4% | 0.09% | |
| SPTM | State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | 2.6% | 0.03% | |
| ESGV | Vanguard ESG U.S. Stock ETF | 3.0% | 0.09% | |
| DFAU | Dimensional US Core Equity Market ETF | 2.3% | 0.12% | |
| CGGO | Capital Group Global Growth Equity ETF | 3.0% | 0.47% | |
| VONE | Vanguard Russell 1000 Index Fund ETF Shares | 2.5% | 0.06% | |
| PBUS | Invesco MSCI USA ETF | 2.6% | 0.04% | |
| CGUS | Capital Group Core Equity ETF | 5.5% | 0.33% | |
| MGC | Vanguard Morningstar Mega Cap ETF | 3.4% | 0.05% | |
| XLG | Invesco S&P 500 Top 50 ETF | 4.4% | 0.20% | |
| IXN | iShares Global Tech ETF | 4.8% | 0.39% | |
| IOO | iShares Global 100 ETF | 4.5% | 0.40% | |
| JQUA | JPMorgan U.S. Quality Factor ETF | 1.9% | 0.12% | |
| URTH | iShares MSCI World ETF | 1.9% | 0.24% | |
| FELC | Fidelity Enhanced Large Cap Core ETF | 3.2% | 0.18% | |
| TCAF | T. Rowe Price Capital Appreciation Equity ETF | 3.1% | 0.31% | |
| CGBL | Capital Group Core Balanced ETF | 4.5% | 0.33% | |
| FBCG | Fidelity Blue Chip Growth ETF | 3.8% | 0.57% | |
| THRO | iShares U.S. Thematic Rotation Active ETF | 2.8% | 0.57% | |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 2.2% | 0.28% | |
| VTHR | Vanguard Russell 3000 Index Fund ETF Shares | 2.4% | 0.06% | |
| SCHK | Schwab 1000 ETF | 2.5% | 0.03% | |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 5.4% | 0.18% | |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 2.7% | 0.00% | |
| CGDG | Capital Group Dividend Growers ETF | 4.1% | 0.47% | |
| QLTY | GMO U.S. Quality ETF | 3.9% | 0.50% | |
| JTEK | JPMorgan U.S. Tech Leaders ETF | 3.4% | 0.65% |
What themes does Broadcom Inc. (AVGO) fit?
These are the investment theses AVGO naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.
AI infrastructure
Custom AI silicon (Google TPU, Meta MTIA) plus the networking switches that connect AI clusters. Dual-engine AI infra story.
Semiconductors
Custom AI silicon plus broad semiconductor portfolio.
Dividend growth
High free cash flow margin and consistent dividend growth; one of the larger semiconductor dividend payers.
Technology
Held as part of the Technology theme.
5G stocks
Held as part of the 5G stocks theme.
Growth stocks
Held as part of the Growth stocks theme.
Momentum stocks
Held as part of the Momentum stocks theme.
Who competes with Broadcom Inc. (AVGO)?
Custom AI accelerators
Marvell (also designs custom hyperscaler AI silicon, smaller scale). Some competition from NVIDIA selling complete systems versus hyperscalers buying custom chips from Broadcom or Marvell.
What stocks are similar to Broadcom Inc. (AVGO)?
Other names that sit close to AVGO: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Broadcom Inc. (AVGO)
There are three common ways to get AVGO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (IGM, ACWI, MTUM), which spreads the position across many companies. Or build it into a focused thematic portfolio, so AVGO sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where AVGO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Broadcom Inc. (AVGO)
Broadcom (AVGO) is a trillion-dollar semiconductor and software franchise whose growth leans on custom AI accelerators and AI networking, run by acquirer-operator Hock Tan. In a portfolio it behaves as a megacap AI-infrastructure anchor with a dividend-growth tilt, carrying customer-concentration risk in custom silicon and integration friction at VMware, not a speculative position.
More on Broadcom Inc. (AVGO)
Whether AVGO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AVGO a buy or a sell?, and where the stock could go from here in the AVGO stock forecast.
For income investors, whether AVGO pays a dividend and how the payout looks is covered in does AVGO pay a dividend? And to weigh AVGO against a peer, read the full side-by-side comparisons: AVGO vs NVDA and AVGO vs MSFT.
Wondering how AVGO fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Broadcom Inc. with AI
Connect the broker you already use and ask Walnut's AI how AVGO fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is Broadcom's ticker symbol?
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AVGO, listed on Nasdaq. Officially Broadcom Inc. Headquartered in Palo Alto, California. The AVGO ticker is a holdover from the company's earlier name (Avago Technologies); after acquiring the original Broadcom in 2016, the company adopted that name while keeping the ticker.
Who are Broadcom's main competitors?
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By segment. Custom AI silicon: Marvell, plus NVIDIA's complete-system offerings. Networking semiconductors: NVIDIA Networking (Mellanox), Marvell, Cisco's silicon group. Enterprise virtualization software (VMware): Microsoft, Red Hat (IBM), Nutanix. Few companies compete with Broadcom across all of these categories.
Why is Broadcom an AI stock?
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Two reasons. First, Broadcom designs custom AI accelerator chips (XPUs) for hyperscaler customers like Google (TPU) and Meta (MTIA). Second, Broadcom dominates Ethernet switch silicon, which is the networking layer of every AI data center. Both are growing fast as hyperscalers spend on AI infrastructure.
What is Broadcom's P/E ratio?
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Approximately 45x trailing twelve months as of early 2026. Elevated reflecting the AI revenue acceleration. Compares favorably with NVIDIA (~50x) on an earnings basis given Broadcom's combination of semiconductors, software, and dividend.
What does Broadcom do?
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Broadcom is a semiconductor and enterprise software company. Semiconductors: networking silicon (Ethernet switches), wireless connectivity chips, custom AI accelerators for hyperscalers, storage and broadband silicon. Software: VMware (virtualization and cloud), Symantec (security), CA Technologies (mainframe and ops).
Who owns the most Broadcom stock?
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Major institutional holders include Vanguard (~9%), BlackRock (~7%), and State Street (~4%). CEO Hock Tan owns less than 1% personally but is widely credited as the architect of Broadcom's strategy of building through acquisitions. Insider ownership is relatively low.
Which ETFs have the most Broadcom exposure?
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SMH (VanEck Semiconductor) holds AVGO at ~7.6%. SOXX (iShares Semiconductor) holds AVGO at ~8.4%, even higher concentration. QQQ holds AVGO at ~4.5%, the sixth-largest holding. VOO holds AVGO at ~1.7%. SCHD (dividend ETF) holds AVGO at ~4.4% because of the consistent dividend growth track record.
Which thematic baskets typically include Broadcom?
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Three themes on Walnut. AI infrastructure (custom AI silicon plus AI networking switches), Semiconductors (one of the largest US fabless designers), and Dividend growth (consistent dividend growth makes AVGO a frequent inclusion in income-tilted baskets). Multi-theme inclusion makes AVGO a common cross-thematic anchor position.
How much of SMH is Broadcom?
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Approximately 7.6% as of early 2026. AVGO is the third-largest SMH holding behind NVDA (~20.5%) and TSM (~10.5%). In SOXX (broader semiconductor methodology), AVGO is the second-largest holding at ~8.4%. The high concentration reflects Broadcom's large market cap in the semiconductor universe.
How much of VOO is Broadcom?
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Approximately 1.7% as of early 2026. AVGO is consistently among the top 10 VOO holdings, typically ranked 7-9 by market cap. The stock's growth in market cap has driven its weight in S&P 500 ETFs higher over multi-year periods.
Does Broadcom pay a dividend?
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Yes. AVGO yields approximately 1.3% as of early 2026 and has grown the dividend consistently since beginning payouts in 2010. The combination of AI growth plus dividend growth is unusual in semiconductors and is the central reason AVGO appears in both growth and income-tilted Walnut baskets.
What is Broadcom's market cap?
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Approximately $1.0 trillion as of early 2026. AVGO joined the trillion-dollar market cap club in 2024 after multi-year appreciation driven by AI revenue growth and the VMware acquisition. It is one of approximately a dozen US public companies with market cap above $1 trillion.
Is Broadcom a Mag 7 stock?
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No. The Magnificent Seven are Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla. Broadcom has been discussed as a potential addition to expand the group to 'Mag 8' given its trillion-dollar market cap and AI exposure, but the term has remained at seven names through early 2026.
Should I own Broadcom directly or through SMH?
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Both common. Direct ownership gives concentrated AVGO exposure and the dividend yield. SMH includes AVGO at ~7.6% along with other semiconductor exposure. Many Walnut users hold both: direct AVGO for AI custom silicon plus AI networking conviction, plus SMH for broader semi cycle. The right mix depends on conviction in Broadcom-specific factors versus broader semi sector.
Guides that feature AVGO
AVGO is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Broadcom Inc.'s investor relations page or your broker before making investment decisions.