Broadcom successfully completed its $69 billion acquisition of VMware after facing regulatory challenges from various countries and navigating complex relations between the US and China. The deal closed in November 2023, and VMware quickly implemented changes to its operations under Broadcom’s ownership. VMware streamlined its product portfolio to focus on two main offerings: VMware Cloud … Read more
VMware by Broadcom has unveiled an update to its Cloud Foundation and vSphere Foundation packages, fulfilling its promise of simplifying product acquisition and use. The upcoming version 5.2 of VMware Cloud Foundation (VCF) introduces VCF Import, allowing standalone vSphere Compute Virtualization Platform, VSAN Virtual Storage, and NSX Virtual Networking suites to be managed as a … Read more
In the first half of 2024, the stock market has seen significant gains, with the S&P 500 growing by 15% and the Nasdaq Composite by almost 18%. This surge is largely driven by the technology sector, particularly due to the rise of artificial intelligence (AI) related companies. As stock prices climb, some companies, including Broadcom, … Read more
Industry analysts at CUBE Research discussed the possible response of VMware Inc. customers to its acquisition by Broadcom Inc. for $61 billion. The acquisition was part of Broadcom’s playbook strategy, focusing on large clients and R&D investments. Challenges arose as Broadcom eliminated certain existing licenses, leaving customers with stranded licenses to pay for. VMware began … Read more
Artificial intelligence (AI) has become a key driver of success for technology companies, leading to significant growth in profits and share prices. One standout in this area is Broadcom, a semiconductor and infrastructure software company that has seen impressive revenue growth and share price performance. Broadcom recently announced a 10-for-1 stock split, a move intended … Read more
Broadcom recently announced a 10-for-1 stock split alongside its earnings release, showing growth in its software and AI product segments. The stock split, effective July 12, will not change the company’s value of around $780 billion. While a stock split may make shares more accessible, it does not alter a company’s fundamentals like earnings or … Read more
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Broadcom recently announced a 10-for-1 stock split, which will take effect in July. Although the split won’t make shares more affordable, it will make options cheaper to trade and help the company pay stock-based compensation. Despite this, investors should focus on four reasons why Broadcom remains an attractive long-term investment. First, Broadcom’s expansion strategy is … Read more
Broadcom Inc. (NASDAQ: AVGO) saw a 2% drop in its stock price during Friday’s trading session, reaching as low as $1,678.60 before closing at $1,699.13. Trading volume was lower than average, with 2,416,850 shares exchanged compared to the daily average of 3,033,666 shares. Analysts on Wall Street have given a positive outlook on AVGO, with … Read more
Broadcom (AVGO -4.38%), a tech hardware company, has seen its shares soar over 500% in the last five years due to its involvement in artificial intelligence (AI) related demand. As a result of a 2016 merger between Avago Technologies and Broadcom Corporation, the company has positioned itself as a leader in semiconductor products, enterprise software, … Read more