By Neha Gupta
Publication Date: 2026-05-31 23:07:00
Broadcom Inc (NASDAQ:AVGO) is one of Renaissance Technologies’ top semiconductor stock picks. Broadcom shares have gained more than 20% year-to-date and soared around 80% over the past 12 months.
On May 26, Broadcom Inc (NASDAQ:AVGO) announced the launch of a new broadband technology designed to support AI applications and next-generation home networks.
The company introduced the BCM68850, which it described as a 50G PON home gateway system-on-chip. It said this system-on-chip includes an integrated neural processing unit and support for Wi-Fi 8. This product is designed to help network operators manage growing broadband traffic and AI workloads at the network edge.
According to Broadcom, the platform is intended to support applications that require high bandwidth and low latency. It said the system processes large amounts of data in short bursts to reduce congestion and maintain stable network…
