AVGO surges 4% to surpass $2 trillion market value, outpacing TSLA and META in latest megacap milestone.
Broadcom’s market capitalization exceeded $2 trillion Friday after shares rose more than 4%, joining an elite group of companies with valuations above that threshold. The AI chipmaker’s surge pushed its value past Tesla’s $1.6 trillion market cap, marking a rapid ascent in the tech sector.
Prior to this milestone, Broadcom’s valuation trailed Tesla and Meta Platforms, both of which have long dominated the megacap landscape. The company’s growth has been driven by strong demand for AI-related semiconductors and strategic acquisitions.
The move reflects broader investor confidence in AI infrastructure plays, with Broadcom emerging as a key beneficiary of the sector’s expansion.