Broadcom Inc. (AVGO) Challenges EU Regulators While Barclays Sees AI Upside

Broadcom Inc. (AVGO) Challenges EU Regulators While Barclays Sees AI Upside

By Neha Gupta
Publication Date: 2026-05-21 08:42:00

Broadcom Inc. (NASDAQ:AVGO) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Broadcom Inc. (NASDAQ:AVGO) sued the European Union antitrust regulators over requests for documents containing legal advice it received regarding the VMware acquisition.

Broadcom Inc. (AVGO) Challenges EU Regulators While Barclays Sees AI Upside

In the lawsuit filed at the Luxembourg-based General Court, the chip giant insists it is acting to protect legal professional privilege. It also insists it is solely protecting its rights under recognized rules on legal professional privilege in non-EU countries. The European Commission, which is the European Union’s competition enforcer, has already said it is ready to defend all its actions and decisions in court.

The lawsuit comes on the heels of lobby group CISPE filing an antitrust complaint against the US chip giant. The group wanted EU regulators to stop Broadcom from ending its VMware Cloud Service…