Broadcom Inc. (AVGO) Stock Rises on $4.5B Debt Issue and Wi-Fi 8 Expansion

Broadcom shares climbed 2.85% to $352.80 as markets digested the semiconductor giant's $4.5 billion senior notes offering. The capital raise, disclosed in an SEC filing, will fund general operations and debt repayment—a balanced approach to financing growth while maintaining leverage.

Analysts maintained bullish outlooks, citing Broadcom's entrenched position in AI chips and its strategic push into Wi-Fi 8 technology. Price targets hover NEAR $475, reflecting confidence in the company's ability to capitalize on AI-driven demand. The debt issuance, though substantial, appears secondary to Broadcom's execution track record in high-growth semiconductor segments.

While competition in AI semiconductors remains fierce, Broadcom's latest moves signal disciplined capital allocation. The Wi-Fi 8 portfolio expansion specifically targets infrastructure upgrades for AI applications, positioning the company at the convergence of two transformative tech trends.