# Broadcom is trading in sync with the early bid in Technology, with the sector up 1.74% in premarket positioning.

*semiconductor · news · 2026-04-24 · Benzinga*

## Key points

- Broadcom has secured a major custom AI chip deal with Anthropic and OpenAI beginning in 2027.
- Mizuho analyst expects Broadcom's VMware segment to reach $54 billion in annual free cash flow long-term.
- Despite 123.19% 12-month gains, Broadcom's RSI of 77.18 signals potential near-term overbought risk.
- Broadcom's valuation sits at a high P/E ratio of 81.9x, well above industry peers.

**Companies:** Broadcom

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/04/52030303/whats-going-on-with-broadcom-stock-friday-2)

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