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Broadcom stock edges up after 6G BroadPeak chip news — what could move AVGO next
Broadcom’s stock saw a slight increase after the company announced its new 5G Advanced/6G radio chip, BroadPeak, designed to improve network capacity and power efficiency. Despite this positive development, concerns remain regarding VMware client cutbacks due to steeper license fees. Investors are now looking to Broadcom’s upcoming earnings report on March 4th for further insights into networking demand and the impact of VMware’s customer retention issues.