Broadcom
Networking chips, custom AI accelerators and infrastructure software, including VMware.
Public · NASDAQ:AVGO- Sector
- Semiconductors
- Based in
- Palo Alto, United States
- Invested
- Mar 2026
- Formerly
- Avago Technologies
Broadcom designs chips for data centre networking, broadband, wireless and storage, and custom AI accelerators that it co-designs with large cloud companies. Its Ethernet switch chips connect many of the GPU clusters used to train AI models.
It is also a major enterprise software company, built through acquisitions of CA Technologies, Symantec's enterprise business and, in 2023, VMware.
Today's Broadcom traces back to Hewlett-Packard's semiconductor group, which became Avago Technologies. Avago bought Broadcom Corporation in 2016 and took its name. Hock Tan has been CEO since 2006.
As of 29 Sep 2026
Why I own it
The biggest AI labs and hyperscalers want their own chips, and Broadcom is who they build them with. Its custom accelerators and networking silicon sit inside the largest AI clusters being built.
Clusters are now so big that networking matters as much as the chips. Broadcom wins either way, whether the compute is Nvidia's or custom, and VMware adds steady software cash flow on top.
From the notebook
All notesBy the numbers
11 of 28 public holdings sit over 20pc below their highs
11 of the 28 public names in the portfolio list are more than 20% below their 52-week high, including Broadcom, down 26%, and Tesla, down 28%. That's over a third of the public book still deep in drawdown, even as the equal-weight basket of holdings is up 66.8% over the past year. Big aggregate gains can sit on top of plenty of individual pain.
Since this note:Broadcom +1.4%Tesla +6.3%(S&P 500 +1.2%)
TeslaWritten by AI from share prices, the companies' posts and the news. Can be wrong; not financial advice.
