Broadcom's diversification into enterprise software adds stability, boosting the "stock price AVGO forecast" by smoothing cyclical swings in hardware demand across global markets. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The company has expanded its portfolio through a series of acquisitions, most notably VMware in November 2023 in a $69bn deal. This introduced virtualisation and hybrid cloud management software to its semiconductor operations, creating a combined hardware–software ecosystem. Broadcom has also invested in AI-focused products, such as custom AI accelerators (XPUs) and advanced networking chips to support AI infrastructure, addressing rising demand from major cloud providers. Technical traders note the RSI hovering at 62 in recent sessions, supporting a steady "stock price AVGO forecast" while avoiding overbought levels, giving room for incremental gains.
