Broadcom Ranks Eighth in Market Activity with $94.61 Billion Trading Volume

On April 8, 2025, Broadcom (AVGO) saw a trading volume of $94.61 billion, ranking it eighth in the day's market activity. The stock rose by 1.23%, marking its second consecutive day of gains, with a total increase of 6.66% over the past two days.

Broadcom has announced a new share buyback program worth up to $10 billion, which will run through the end of 2025. This initiative is seen as a positive indicator of the company's confidence in its future prospects and financial health. The buyback program allows Broadcom to repurchase its common stock through various methods, including open market purchases and private transactions.

CEO Hock Tan expressed optimism about the company's position in the semiconductor industry, particularly in infrastructure software for mission-critical operations and AI-related investments. The buyback program is expected to reduce the number of outstanding shares, thereby increasing the value of the remaining shares and potentially driving up the stock price in the long run.

Broadcom's execution processing units (XPUs) are gaining traction as AI hyperscalers seek efficient solutions for specific workloads. The company anticipates the market size for its XPUs to reach $60 billion to $90 billion by fiscal 2027, significantly higher than the $12.2 billion in 2024. This growing demand for XPUs is expected to further bolster Broadcom's financial performance and stock value.