Key Stats for Broadcom Stock
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What Happened?
Broadcom (AVGO) fell 4.31% to $323.24 on October 22 as chip stocks slid on renewed worries about AI spending. The drop came three days after the company signed NTT DOCOMO to a 10-year VMware agreement, its first 10-year VMware software deal in Japan. The October 19 announcement covers the private cloud behind DOCOMO’s digital services, which has run on VMware since 2019. On October 20, FedEx (FDX) renewed its VMware contract. Neither release disclosed a dollar value.
The October 22 close left shares about 33% below their June closing high. The slide began with a 12.59% drop on June 4 after…
