If AVGO Price Stays Inside $363 to $393 Band This Iron Condor Will Yield 77%
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Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business. It is primarily a fabless designer, but holds some manufacturing in-house, such as for its best-of-breed film bulk acoustic resonator filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software.
Broadcom trades on the NASDAQ stock market under the symbol AVGO.
As of July 29, 2026, AVGO stock price declined to $370.32 with 18,907,175 million shares trading.
AVGO has a beta of 2.52, meaning it tends to be more sensitive to market movements. AVGO has a correlation of 0.47 to the broad based SPY ETF.
AVGO has a market cap of $1.74 trillion. This is considered a Mega Cap stock.
Last quarter Broadcom reported $22 billion in Revenue and $2.44 earnings per share. This beat revenue expectation by $86 million and exceeded earnings estimates by $.12.
In the last 3 years, AVGO traded as high as $495.00 and as low as $79.51.
The top ETF exchange traded funds that AVGO belongs to (by Net Assets): VTI, VOO, IVV, SPY, VUG.
AVGO has outperformed the market in the last year with a return of +26.7%, while the SPY ETF gained +15.7%. However, in the most recent history, AVGO shares have underperformed the stock market with its stock returning -7.2% in the last 3 month period and -4.8% for the last 2 week period, while SPY has returned +2.8% and -3.0%, respectively.
AVGO support price is $370.09 and resistance is $391.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVGO shares will trade within this expected range on the day.