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.
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Under the agreement, Broadcom will also provide professional services to support secure AI and cloud workloads for LSEG.
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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…