Broadcom clears fresh record high, shares buoyed by AI demand

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-28, 13:42.

Broadcom Inc. (US11135F1012) extends its run on NASDAQ as investors focus on AI infrastructure demand and the integration of VMware. The stock recently reached a new all-time high above 1,800 US dollars, according to market data from Nasdaq.

AI and VMware reshape Broadcom’s profile

Broadcom now reports more than half of its semiconductor sales tied to networking and custom accelerators that underpin large-scale AI workloads, according to its latest investor presentation. Broadcom’s June 2024 investor deck on AI infrastructure highlights that cloud and hyperscale customers remain the largest driver of growth.

The completed acquisition of VMware in late 2023 has shifted Broadcom’s revenue mix toward software, with the company aiming for about 40 percent of sales from infrastructure and application software over the next few years, based on the group’s integration plan. Broadcom has focused VMware on large enterprise and cloud customers, streamlining product lines and sales channels as described in its post-merger strategy updates.

What analysts say about Broadcom shares

Sell-side coverage remains broadly positive. Several major houses including Goldman Sachs and JPMorgan maintain Buy or Overweight recommendations on Broadcom, citing durable AI demand and the VMware contribution to recurring software revenue, per recent analyst summaries. One Goldman Sachs note earlier this month reiterated that Broadcom’s custom AI accelerators for large cloud providers can support multi-year earnings growth. A Reuters overview of Broadcom’s AI positioning and analyst sentiment underscores that the stock is widely seen as a key play on AI hardware infrastructure.

Consensus data gathered on major financial portals shows the majority of tracked analysts still rate Broadcom stock as Buy, with a smaller group at Hold and few underweight calls. The average 12-month price target now sits above the current market level in many surveys, implying that analysts expect further upside, even after the stock’s strong run.

How Broadcom earns its money

Broadcom’s core business spans two segments: semiconductor solutions and infrastructure software. In semiconductors, it supplies networking chips, custom accelerators, broadband and wireless components used in data centers, telecom equipment and consumer devices. On the software side, products inherited from VMware such as vSphere and Cloud Foundation target large enterprises running hybrid cloud and virtualized workloads.

Broadcom stock on NASDAQ today

Broadcom shares last traded around 1,820 US dollars on NASDAQ, based on mid-day data from Nasdaq on 2026-06-28, putting the company’s market capitalization above 750 billion US dollars.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.