Broadcom Inc (#AVGO) Stock Price, Live Chart & Analysis | Trade #AVGO

Interesting facts about the #AVGO (Broadcom Inc)

Broadcom is known for its numerous acquisitions, which have significantly expanded its product line. However, some of them have negatively impacted #AVGO's value. For example, in 2018, the company bought mainframe software maker CA Technologies, but Broadcom's stock immediately fell 7%. The reason is the misinterpretation of the deal by investors and analysts. The companies were in different industries, so many assumed that Broadcom just wanted to capitalize on the revenue of the new division and was not going to do new developments. However, CFO Tom Krause later announced Broadcom's plans to expand into new markets, and #AVGO's price rose again.

Broadcom planned to buy American microprocessor manufacturer Qualcomm. But US President Donald Trump blocked the deal, citing a national security threat. According to Bloomberg, such a combination of companies would severely limit US investment in communications technology, giving foreign tech giants such as Huawei an advantage. Due to the failed deal, Broadcom's share price declined.

The company has been involved in several scandals. In 2020, by court order, Apple and Broadcom paid Caltech $1.1 billion for patent infringement. Caltech said that patented technologies were used in the production of iPhone, iMac, and iPad microprocessors, components for which were supplied by Broadcom. After the verdict, #AVGO shares fell in price.

Broadcom's client base consists of thousands of companies worldwide, including such giants as Samsung, Huawei, LG, and Intel. However, the most profitable was the collaboration with Apple. In 2017, Broadcom generated a 37% annual profit from increased production of wireless communication chips for the company founded by Steve Jobs. After publishing financial indicators, the #AVGO rate rose by 1.3%. In addition, in 2020, Broadcom entered into an agreement with Apple for the supply of components for $15 billion.