AVGO
NASDAQNext earningsDec 9AnalystsStrong Buy48+81%Broadcom Inc. ação
Information Technology · Semiconductors
$293.69last close
-17.4%~252d
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Price
-17.41% over 1Y1 curated level
Video teardown
A walkthrough of this page: the numbers, the levels, and where it sits.
Tese
em 2026-11-08
Bull case
Two structural legs: (1) custom XPU silicon for hyperscalers - $GOOGL TPU (7th gen), $META MTIA, and a rumored third large customer - guided to $60-90B SAM by FY27; (2) VMware ($69B acquisition Nov-2023) running at ~$20B ARR after subscription conversion and customer trim.
- AI semi revenue $12B FY24 → guided ~$25B+ FY25 trajectory; XPU + networking mix shifts margin up
- Tomahawk 5/6 + Jericho3-AI lock in ethernet vs InfiniBand share gain inside hyperscaler scale-out fabrics
- VMware FCF conversion ahead of Hock Tan playbook (CA + Symantec template); software gross margin ~90%
- Dividend + buyback floor; $25B repurchase authorization, dividend raised every year since 2010
- $AAPL wireless content multi-year extension signed 2026; baseline RF revenue de-risked
Bear case
- Hyperscaler ASIC concentration: top 3 customers ~40%+ of semi revenue, any TPU/MTIA pause hits FY guide
- VMware revenue still declining YoY in some segments as Tan trims long tail; perpetual-license churn visible
- Custom ASIC moat narrower than $NVDA CUDA - $MRVL competes for the same hyperscaler sockets
- Wireless segment ($AAPL) is single-customer concentration risk in cyclical handset TAM
- ~30x forward P/E prices in flawless XPU ramp; FY27 SAM math assumes 3 large customers shipping volume
- Nov 2023 - Closed $69B VMware acquisition; began subscription conversion + portfolio trim
- Sep 2024 - Disclosed third large hyperscaler XPU customer in development (unnamed)
- Dec 2024 - Guided AI semi SAM to $60-90B by FY27 across 3 hyperscaler customers
- 2024-2026 - $GOOGL TPU v5/v6/v7 silicon co-design (multi-generation)
- 2024-2026 - $META MTIA v1/v2 inference + training silicon partner
- 2026 - Multi-year $AAPL wireless component extension signed; RF baseline through FY28+
- Ongoing - Tomahawk 5 (51.2T) shipping; Tomahawk 6 (102.4T) sampling for AI scale-out fabrics
clientesAlphabet · Meta Platforms · Apple · undisclosed third hyperscaler
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Related research
Long-form analysis touching AVGO
- 8 minBroadcom (AVGO): what it does, how it makes money, and why it owns custom AI siliconA $2.3T chipmaker that designs ~70% of the custom AI accelerators hyperscalers run instead of Nvidia GPUs. What Broadcom does, how it makes money, and where AVGO sits in the AI-compute bubble.
- 9 minNVIDIA (NVDA): what it does, how it makes money, and why the AI build-out runs on itA $5.65T company that booked $96.2B of revenue in one quarter, 93% of it from data centers. What NVIDIA sells, how NVDA makes money, who buys it, and the risks under the AI compute bubble.
- 8 minMarvell (MRVL): what it does, how it makes money, and why it's the #2 in custom AI siliconA ~$212B chip designer that co-designs the custom AI accelerators Amazon and Microsoft run instead of Nvidia GPUs, and owns the optical DSP inside most high-speed AI interconnects. What Marvell does, how MRVL makes money, and where it sits in the AI-compute bubble.
- 8 minWhat Does Credo (CRDO) Do? Active Electrical Cables for AICredo makes active electrical cables (AECs) and SerDes chips that wire AI clusters at 800G and 1.6T. What CRDO does, how it makes money, and the risks.
Recent news
High-signal only
- Motley Fool21h agoIs Broadcom a Buy After Falling 9% in One Day?
- TheStreet1d agoJim Cramer sends a strong signal to Nvidia stock investors
- Barrons.com2d agoElon Musk Says SpaceX Sales Are ‘Exploding’ - and Forecasts Revenue Twice Wall Street’s Estimate
- Investing.com2d agoInvesting.com’s stocks of the week
Held by ETFs
- SOXXiShares Semiconductor ETF7.86%
- SMHVanEck Semiconductor ETF5.61%
- IWFiShares Russell 1000 Growth ETF4.75%
- XLKTechnology Select Sector SPDR Fund4.72%
- VUGVanguard Growth ETF4.34%
- VIGVanguard Dividend Appreciation ETF4.30%
- VGTVanguard Information Technology ETF4.11%
- VOOVanguard S&P 500 ETF2.54%
- SPYSPDR S&P 500 ETF Trust2.38%
- IVViShares Core S&P 500 ETF2.37%
- VTIVanguard Total Stock Market ETF2.28%
- IWBiShares Russell 1000 ETF2.17%
- ITOTiShares Core S&P Total US Stock Market ETF2.11%
Key levels
- -12.6%$336.00Key Fib level · 2026-04-25
User-supplied 2026-04-25
Trading 12.6% below fib key.
Facts
- Exchange
- NASDAQ
- Currency
- USD
- Market cap
- $1.40T
- Last update
- 2026-11-06
Revenue (TTM)$89.1B
P/E37.5×
P/S15.7×
Net margin42.9%
Frequently asked questions
- Is AVGO in SOXX?
- Yes, iShares Semiconductor ETF (SOXX) holds AVGO with 7.86% (as of 2026-11-06).
- Is AVGO in SMH?
- Yes, VanEck Semiconductor ETF (SMH) holds AVGO with 5.61% (as of 2026-11-06).
- Is AVGO in IWF?
- Yes, iShares Russell 1000 Growth ETF (IWF) holds AVGO with 4.75% (as of 2026-11-06).
- Is AVGO in XLK?
- Yes, Technology Select Sector SPDR Fund (XLK) holds AVGO with 4.72% (as of 2026-11-06).
- Is AVGO in VUG?
- Yes, Vanguard Growth ETF (VUG) holds AVGO with 4.34% (as of 2026-11-06).
- What ETFs hold AVGO?
- Broadcom Inc. (AVGO) is held by SOXX (7.86%), SMH (5.61%), IWF (4.75%), XLK (4.72%), VUG (4.34%), and 8 more.
- What AI bubble is AVGO in?
- Broadcom Inc. (AVGO) is mapped to the AI Compute Accelerators bubble on QuantAbundance. Custom ASICs for hyperscalers.
- What sector is AVGO in?
- Broadcom Inc. is classified under GICS Information Technology (Semiconductors).
- What is AVGO's last close price?
- AVGO last closed at $293.69 on 2026-11-06.