By Marcin Frąckiewicz
Publication Date: 2025-11-20 17:59:00
Broadcom’s stock is back in the spotlight today, with AVGO riding a powerful wave of AI optimism, fresh product launches, and Nvidia’s blockbuster earnings — all while a high‑stakes VMware licensing lawsuit looms in the background.
On Wednesday, Broadcom shares closed around $354.42, up about 4.1% after investors cheered the launch of the company’s new Brocade Gen 8 128G Fibre Channel platforms and a broader rebound in AI‑related chip stocks. TechStock²+1
Today, November 20, 2025, the stock gapped higher at the open, reaching an intraday high near $375.94 before profit‑taking erased most of those gains. As of the latest trade, AVGO is changing hands around $354.33, essentially flat on the day but still holding onto yesterday’s surge. [1]
Under the hood, several big stories are driving AVGO:
- New quantum‑safe 128G AI networking hardware
- Nvidia’s blowout Q3 earnings, which reignited the AI trade
- A multi‑billion‑dollar AI chip pipeline with customers like…
