By Simply Wall St
Publication Date: 2026-05-20 03:15:00
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Broadcom renewed a five year technology partnership with the London Stock Exchange Group, with LSEG selecting VMware Cloud Foundation for its private cloud and market infrastructure.
Under the agreement, Broadcom will also provide professional services to support secure AI and cloud workloads for LSEG.
Separately, Broadcom highlighted continued momentum in its custom AI chip business, with an internal revenue target of $100b by 2027.
For investors tracking NasdaqGS:AVGO, this news adds fresh detail on how the business is positioning around enterprise infrastructure and AI. The stock recently traded at $411.07, with a very large 3 year return and 5 year return, and a 1 year return of 78.9%. Year to date, the share price is up 18.3%, even though it declined 2.0% over the past week.
The renewed LSEG partnership and focus on custom…
