AVGO

Broadcom finalized its $69 billion acquisition of VMware Inc. on November 22, 2023, and sold VMware's end-user computing division to KKR for $4 billion in February 2024. Broadcom's stock has increased by 106.48% over the past year, reaching an all-time high of $429.32 on May 5, 2026, driven by strong Q1 fiscal year 2026 earnings, which reported record revenue of $19.3 billion and a 106% increase in AI semiconductor sales to $8.4 billion. Broadcom also secured a substantial $73 billion AI backlog and deepened its multi-year AI chip supply deals with major hyperscalers like Google and Meta, as well as commitments from Anthropic. The company's announcement of VMware Cloud Foundation 9.1, designed for AI workloads, also bolstered the AI infrastructure narrative. Broadcom is scheduled to release its next earnings report on June 4, 2026.