Broadcom is the company whose stock ticker is AVGO and whose products include networking and semiconductor chips.
Broadcom Inc. designs and develops semiconductor and infrastructure-software products. Its chips are used in networking equipment, broadband devices, wireless communications, storage systems, and other technology infrastructure. The company also owns major enterprise-software businesses.
Broadcom trades on the Nasdaq under the ticker AVGO. Its corporate history combines the semiconductor business associated with Avago Technologies and the earlier Broadcom Corporation. Avago acquired Broadcom Corporation in 2016 and adopted the Broadcom name.
Broadcom has become one of the world’s most valuable semiconductor companies as demand for data-center networking and artificial-intelligence infrastructure increased. It is distinct from Qualcomm, Intel, and Texas Instruments, which have different product portfolios and corporate histories. Market-cap rankings for chip companies can change quickly because investors react strongly to semiconductor cycles and projected data-center demand.