Broadcom (AVGO) perpetual market

Broadcom is a large, highly profitable semiconductor and infrastructure software company assembled through a long series of major acquisitions under chief executive Hock Tan. It designs a broad range of chips, with particular strength in networking silicon that routes traffic through data centers, as well as components for broadband, wireless and storage, and it has become a key supplier of custom AI accelerators and networking gear for hyperscale cloud providers, placing it at the heart of the AI infrastructure buildout. Alongside its chip business, Broadcom built a substantial enterprise software arm through purchases including CA Technologies, Symantec's enterprise unit and, in 2023, the virtualization giant VMware. Known for disciplined cost management and steady dividends, Broadcom generates enormous cash flow and ranks among the most valuable semiconductor companies. Its fortunes are increasingly tied to demand from cloud data centers and artificial intelligence.