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Broadcom Trading Volume Drops 22.72% to 56.60 Billion, Ranks 13th in Market Activity
Generated by AI AgentAinvest Volume Radar
Friday, Jun 20, 2025 8:00 pm ET1min read
On June 20, 2025, Broadcom's trading volume reached 56.60 billion, a significant decrease of 22.72% from the previous day, ranking 13th in the day's stock market activity.
(AVGO) closed the day with a 0.50% decline.Broadcom recently introduced VMware Cloud Foundation 9.0, a platform designed to enhance the private cloud experience. This new release is expected to drive further growth in the company's software revenue, which has already shown a favorable mix and contributed to an improved gross margin of 68%, up from 62% the previous year.
The launch of VMware Cloud Foundation 9.0 is part of Broadcom's ongoing efforts to innovate and expand its offerings in the cloud computing sector. The platform is designed to provide a modern, efficient, and scalable solution for private cloud environments, which is likely to attract more enterprise customers and drive long-term growth for the company.
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