AVGO Stock Split Date: Complete 2024 Timeline

The AVGO stock split date refers to the pivotal corporate action taken by Broadcom Inc. in mid-2024 to make its high-priced shares more accessible to a broader range of investors. As a leader in the semiconductor and infrastructure software space—driven largely by the AI boom—Broadcom's share price had climbed significantly, necessitating a move to increase liquidity. This event marked the first stock split in the company's combined history since the merger of Avago and Broadcom.

AVGO Stock Split Date and Key Timeline

According to official SEC filings and Broadcom's investor relations announcements, the 2024 stock split followed a specific regulatory schedule. Understanding the AVGO stock split date requires looking at four critical milestones:

• Announcement Date (June 12, 2024): Broadcom first revealed the 10-for-1 split during its fiscal second-quarter earnings report, citing strong demand for AI networking products.
• Record Date (July 11, 2024): This was the deadline for determining which shareholders were entitled to receive the additional shares resulting from the split.
• Effective Date (July 12, 2024): After the market closed on this Friday, the additional nine shares for every one share held were distributed to eligible shareholders.
• Ex-Date / Split-Adjusted Trading (July 15, 2024): This is the date the AVGO stock split date became visible to the public market, as shares began trading at the new, split-adjusted price on the NASDAQ.

Split Mechanics: The 10-for-1 Ratio

The 10-for-1 forward split meant that for every single share of AVGO an investor owned prior to the AVGO stock split date, they received nine additional shares. While the number of shares in circulation increased tenfold, the price per share was divided by ten. For instance, if the stock was trading at $1,700 before the split, the post-split price opened near $170.

It is important to note that a stock split is fundamentally value-neutral. The total market capitalization of Broadcom remained the same; only the unit price and the total number of outstanding shares changed. This is similar to how digital asset denominations work in the crypto market to improve unit bias.

Why Did Broadcom Split Its Stock?

The primary driver behind the 2024 AVGO stock split date was the massive surge in Broadcom's valuation. High-growth sectors, particularly those involved in AI custom silicon (ASICs) and networking, saw stock prices reach levels that were often prohibitive for retail investors. By lowering the share price through a split, Broadcom aimed to:

• Enhance Accessibility: Allow retail investors and employees to purchase shares more easily without needing deep capital for a single unit.
• Improve Liquidity: Higher share counts generally lead to higher trading volumes and tighter bid-ask spreads.
• Market Alignment: Align with other tech giants like Nvidia, which performed similar splits in 2024 due to the rapid expansion of the AI infrastructure market.

Financial Context and Market Impact

As of July 2024, Broadcom's growth was fueled by the integration of VMware and a significant uptick in demand from hyperscale data centers. According to Morningstar and official earnings data, the company's focus on AI-driven networking and semiconductor solutions provided the fundamental strength that led to the share price appreciation preceding the AVGO stock split date.

For shareholders, the split was a non-taxable event. Brokerages automatically adjusted portfolios to reflect the new share count. For those interested in tracking high-growth assets or diversifying into tech-driven sectors, Broadcom remains a core component of the semiconductor landscape alongside emerging digital finance trends.

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