Broadcom

Broadcom grew, deal by deal, into one of the most valuable technology firms in the world. Under Hock Tan it has followed an unusual playbook: acquire established businesses with durable products, cut costs hard, and raise prices on locked-in customers. That built a portfolio spanning networking and custom silicon, the chips that route traffic inside data centers and the ASICs it designs for cloud giants building their own AI accelerators, which has made it a central beneficiary of the AI boom. On top of the semiconductors, Broadcom bought its way into enterprise software, most dramatically with the $69 billion purchase of VMware in 2023. Based in San Jose, California, it is really two businesses, chips and software, run with the discipline of a private-equity firm. The stock rides AI demand for its custom accelerators and networking gear, plus the cash its software throws off.

On MyRWA, AVGO trades tokenized across 39 on-chain venues - see the listings below.