Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRuchi GuptaSat, August 22, 2026 at 9:30 PM GMT+2 4 min readA close-up shot of a Broadcom chip by g0d4ather via Adobe StockBroadcom (AVGO) is a global technology leader headquartered in Palo Alto, California, that designs, develops, and supplies a broad portfolio of semiconductor and infrastructure software solutions. The company has emerged as a critical enabler of the AI computing boom through its custom AI accelerators (XPUs), high-speed networking chips, and broadband and enterprise semiconductor products, with hyperscale customers including Google (GOOG) (GOOGL), OpenAI, and Anthropic. Beyond semiconductors, Broadcom's infrastructure software segment, anchored by VMware Cloud Foundation, has become a major growth driver following its 2023 acquisition of VMware.Broadcom Stock PerformanceBroadcom's stock has delivered a strong 2026, climbing roughly 26% over the past year and recently trading around $380, though well off its 52-week high of $495 set earlier this year. Shares have pulled back nearly 12% in recent sessions as investors booked profits and repositioned ahead of Broadcom's fiscal third-quarter earnings report on Sept. 2, even as the stock remains far above its 52-week low of $281.87. Institutional buying remains robust, with major funds adding to positions amid continued optimism around Broadcom's expanding AI semiconductor backlog and custom accelerator roadmap.More News from BarchartNvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for UpsideA $28.7 Billion Reason to Buy SK hynix Stock NowPowerful Growth, Multiple Endorsements Bode Well for Oracle Stock