Broadcom’s VMware Strategy Could Fuel the Next AVGO Rally | Entrepreneur

Chip behemoth Broadcom (NASDAQ: AVGO) has had a lot going for it over the past few years. As of the Apr. 2 close, the stock had provided a massive total return of nearly 193% since the beginning of 2023. 

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The demand for AI-centric computing power has been the main driver of the stock’s impressive rise. However, an unsung hero of Broadcom comes from the software space rather than hardware.

Broadcom’s VMware acquisition has…