Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-07-15T12:06:20+00:00
Broadcom Inc. (NASDAQ:AVGO) is one ofthe high-growth wide-moat stocks to buy. On July 6, Reuters reported that Broadcom expanded its partnership with Apple through 2031 to develop and supply custom chips. The agreement reinforces Broadcom's role in providing complex radio-frequency, Wi-Fi, Bluetooth, and other networking components used in Apple products. Analysts cited by Reuters said Apple accounts for about 20% of Broadcom's annual revenue. The extension matters because Apple has spent years developing more of its own silicon, including processors and modems. Its decision to continue relying on Broadcom for key connectivity components demonstrates how difficult it is to internalize certain chip categories. The deal also arrives as demand for custom chips grows, particularly for inferenc
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