Broadcom Inc Stock Price, News & Analysis

Broadcom (NASDAQ:AVGO) has launched the industry's first quantum-resistant network encryption solution with its new Emulex Secure Fibre Channel Host Bus Adapters (HBA). This innovation comes as ransomware attacks reached an average cost of $5.37 million per attack in 2024.

The solution addresses growing cybersecurity concerns and complies with government mandates including the US Commercial National Security Algorithm 2.0 and EU's regulatory requirements. The Emulex Secure HBA provides network encryption that preserves storage array services and enables real-time ransomware detection, offering advantages over application-based encryption.

Key features include zero trust architecture, post-quantum cryptography encryption, compliance with NIST 800-193 framework, and hardware-offloaded cryptography for no performance impact. The adapters are available in 32G and 64G versions with 1, 2, and 4 port configurations.

Broadcom (NASDAQ:AVGO) has launched the Brocade G710, a new Gen 7 entry-level SAN switch featuring 24 ports and 64G capability. The switch sets industry benchmarks with the lowest latency (460 ns port-to-port at 64G) and highest energy efficiency (65 watts typical power draw).

The G710 offers scalability from 8 to 24 ports, delivering up to 1.5 Tb/s total bandwidth. Key features include six nines (99.9999%) availability, cyber-resilient architecture with root-of-trust validation, and self-healing capabilities. The switch comes with an industry-exclusive lifetime warranty, including 24/7 technical support and continuous security updates.

Designed for small to mid-sized businesses, the G710 extends Broadcom's 64G SAN portfolio, providing an affordable entry point for Gen 7 Fibre Channel technology while maintaining enterprise-class capabilities.

Broadcom (AVGO) reported strong Q4 2024 financial results with revenue reaching $14.054 billion, up 51% year-over-year. The company's fiscal year 2024 revenue grew 44% to $51.6 billion, driven by infrastructure software revenue of $21.5 billion and semiconductor revenue of $30.1 billion.

Notable highlights include AI revenue growth of 220% year-on-year to $12.2 billion, and adjusted EBITDA of $9.089 billion (65% of revenue) for Q4. The company increased its quarterly dividend by 11% to $0.59 per share and provided Q1 FY2025 guidance projecting revenue of approximately $14.6 billion, a 22% increase from the prior year.

Broadcom (NASDAQ: AVGO) has launched Bitnami Premium, a commercial enterprise version of Bitnami by VMware Tanzu, and appointed Arrow Electronics as its global distributor. Bitnami, which averages over 4 billion downloads annually, is a free catalog of open source software packages used by developers across major cloud environments.

The premium version offers enhanced features including enterprise support for 500+ packages, unlimited access to containers and Helm charts from Docker Hub, long-term support branches, and secure software supply chain metadata. Arrow Electronics will manage the purchase and support experience, leveraging their expertise in IT solutions and global provisioning.

Broadcom has announced its groundbreaking 3.5D eXtreme Dimension System in Package (XDSiP™) platform technology, designed for next-generation custom AI accelerators (XPUs). This innovative platform integrates over 6000 mm² of silicon and up to 12 high bandwidth memory stacks in a single package.

The technology combines Face-to-Face (F2F) 3D silicon stacking with 2.5D packaging, achieving 7x higher signal density between stacked dies and 10x reduction in power consumption compared to traditional Face-to-Back approaches. The lead F2F 3.5D XPU integrates four compute dies, one I/O die, and six HBM modules.

Production shipments are scheduled to begin in February 2026, with multiple customers already adopting the platform for their AI computing needs.

Broadcom (NASDAQ: AVGO) announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, December 12, 2024, after market close. The company's management will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results and business outlook. The conference call will be accessible live online through Broadcom's Investors website section, with an audio replay available for one year.

Broadcom (NASDAQ: AVGO) announces expanded VMware Cloud Foundation (VCF) services and partnerships at VMware Explore 2024 Barcelona. The company introduces new Advanced Services including VMware Tanzu Data Services for VCF, enhanced cyber security features with VMware Live Recovery supporting Google Cloud, and expanded AI capabilities through Microsoft's Azure AI Video Indexer integration.

The platform aims to accelerate AI development, strengthen cybersecurity, and support sovereign cloud adoption. Notable updates include a 50% discount on certification exams for VMUG Advantage members, new VCF Architect certification, and expanded support for sovereign cloud services through 50 VMware Cloud Service Providers.

Broadcom (NASDAQ: AVGO) announced major advancements in its VeloCloud portfolio, introducing VeloRAIN (Robust AI Networking) architecture and new edge appliances. The company launched VeloCloud Edge 4100 and 5100 appliances, scaling up to 100Gbps for large enterprises. The announcement includes the new Titan partner program for VeloCloud Managed Service Providers, replacing the legacy VMware program. The VeloRAIN architecture enhances AI workload performance and security, featuring AI application detection, enhanced network efficiency, and dynamic policy frameworks. According to Broadcom's research, 57% of organizations cite network connectivity as the main driver for edge solutions adoption.

Broadcom and Telia Company have expanded their partnership through a new multi-year agreement focused on modernizing telco and cloud infrastructure. Telia will enhance its network and IT cloud capabilities using VMware Telco Cloud Platform and VMware Cloud Foundation. As a newly designated Broadcom Pinnacle Partner, Telia aims to expand its cloud-native architecture, advance automation across network workloads, and streamline operational efficiency. This partnership enables Telia to deliver new monetizable 5G and cloud services to customers in the Nordic and Baltic regions.