AVGO is trading at $430.67 (+3.40%) following the debut of VMware Cloud Foundation 9.1, a secure private cloud platform optimized for AI workloads and Kubernetes.
- The stock is outperforming its prior close of $416.50, with the new platform launch driving investor optimism around Broadcom's AI infrastructure capabilities.
- Gains are supported by broader market strength as the NASDAQ rises 1.00% on positive JOLTS data fueling interest rate cut hopes.