Broadcom Stock at a Glance
Broadcom Earnings Update
We have raised our fair value estimate for Broadcom AVGO to $815 per share from $790, as we raise our probability of the VMware VMW acquisition closing to 75%, from 50% previously. Our greatest concerns for the deal had been the U.K. and U.S. jurisdictions, and Broadcom has now gained approval in the United Kingdom and faces no legal challenges in the United States. We see China as the final regulatory hurdle.
The recent surge in…
