By TradingView
Publication Date: 2026-10-20 03:08:00
Shares of Broadcom, Inc. (AVGO) reversed overnight losses to edge up 0.3% late Monday as a 10-year cloud agreement with NTT Docomo did little to ease retail skepticism, with traders seeking a recovery catalyst after CEO Hock Tan’s AI “casino” remarks.
AVGO stock rose nearly 2% on Monday to close at $334.59, snapping three straight sessions of losses.
Broadcom Secures 10-Year VMware Deal In Japan
Broadcom extended its 2019 deal with Docomo, in which the companies will align their long-term tech roadmaps to advance the private cloud underpinning the Japanese telecom operator’s digital services. The company called it Broadcom Japan’s first “comprehensive” 10-year agreement covering VMware software licenses, technical assistance and maintenance support. Financial terms were not disclosed.
VMware Cloud Foundation will be at the core of the infrastructure. The deal targets three priorities: keeping services available during system upgrades, strengthening security and…
