Broadcom Stock Split: 10-for-1 History & Impact

What Is the Broadcom Stock Split?

Broadcom Inc. (Nasdaq: AVGO) executed a 10-for-1 forward stock split effective July 15, 2024, the first stock split in the 15-year history of the AVGO ticker. The split was announced on June 12, 2024, alongside Broadcom's second-quarter fiscal year 2024 earnings report. Each shareholder received 9 additional shares for every 1 share held, bringing their total to 10 shares per original share. The per-share price was divided by 10 proportionally, while the total value of each shareholder's investment remained unchanged.

Broadcom Stock Split: Quick Facts

• Announcement date: June 12, 2024
• Effective date: July 15, 2024
• Split ratio: 10-for-1
• Pre-split price: approximately $1,690–$1,800 per share (per Nasdaq public market data)
• Post-split price: approximately $169–$180 per share (per Nasdaq public market data)
• Split history: First and only split in AVGO ticker history

In this guide: How a stock split works | Broadcom split history | Dates and price impact | What changed for shareholders | Why Broadcom split | Post-split performance | AVGO vs. NVDA comparison | FAQ

How a 10-for-1 Broadcom Stock Split Works

A forward stock split increases the number of shares a company has outstanding by issuing additional shares to existing shareholders proportional to what they already hold, while reducing the price per share by the same factor. The total market value of the company does not change.

What Is a Forward Stock Split?

Definition: A forward stock split is a corporate action in which a company divides its existing shares into a larger number of shares. Each shareholder ends up with more shares, each worth less, but their total investment value stays the same. The company's overall market capitalization (total market value = share price multiplied by shares outstanding) is unchanged at the moment the split takes effect.

Broadcom executed a forward split, not a reverse split. A reverse stock split works in the opposite direction: it reduces the number of shares outstanding and increases the price per share proportionally, typically associated with companies whose share price has fallen to low levels. Broadcom's 10-for-1 split reflects a share price that had risen substantially, not one in decline.

Stock splits are generally not taxable events in the United States. Your cost basis per share is adjusted proportionally by your brokerage automatically. Consult a qualified tax professional for guidance specific to your situation.

How the 10-for-1 Ratio Works

The 10-for-1 ratio means each existing share was exchanged for 10 shares on the effective date. The mechanics work as follows:

1. Share count: Every 1 share you held before July 15, 2024 became 10 shares on that date.
2. Price per share: The per-share price was divided by 10. At approximately $1,700 per share pre-split, shares opened at approximately $170 post-split.
3. Total investment value: Unchanged. A shareholder holding 1 share worth approximately $1,700 before the split held 10 shares worth approximately $170 each after the split: 10 × $170 = $1,700.
4. No action required: Shares were credited automatically to all brokerage accounts. Shareholders did not need to do anything.

Market capitalization (share price multiplied by total shares outstanding) is the correct measure of a company's total equity value. Because the split divided share price by 10 while multiplying shares outstanding by 10, the product remained identical. Broadcom's market cap at the time of the split announcement was approximately $800 billion or more, and that figure was unaffected by the split mechanics.

The record date is the date on which shareholders needed to be registered holders of AVGO shares to receive the additional split shares. This date preceded the July 15, 2024 effective date; investors who held shares on or before the record date automatically received their additional shares on the effective date.

About Broadcom Inc. (AVGO): Corporate History and Market Standing

Broadcom Inc. (Nasdaq: AVGO) is one of the largest technology companies by market capitalization on the Nasdaq Global Select Market, operating two core business segments: semiconductor solutions and infrastructure software. Understanding the company's corporate history explains both why the AVGO ticker traces back further than the Broadcom name and why the share price reached levels that made a split necessary.

Broadcom Inc. corporate timeline:

• 2006: Hock E. Tan becomes Chief Executive Officer of Avago Technologies, beginning an acquisition-driven growth strategy that would transform the company over the following two decades.
• 2009: Avago Technologies completes its initial public offering on the Nasdaq Global Select Market under the ticker AVGO.
• 2016: Avago Technologies acquires Broadcom Corporation for approximately $37 billion. The combined company adopts the Broadcom name (initially Broadcom Limited, later Broadcom Inc.) but retains the AVGO ticker. The legacy Broadcom Corporation had traded under the ticker BRCM, which was retired upon completion of the deal.
• 2018–2019: Broadcom acquires CA Technologies and the enterprise security business of Symantec, expanding its software footprint.
• 2023 (November): Broadcom completes the acquisition of VMware, a cloud computing and virtualization software company, for approximately $61 billion, becoming a dual-segment technology business.
• 2024 (July): 10-for-1 stock split takes effect on July 15.
• 2024 (November): Broadcom is added to the Dow Jones Industrial Average, replacing Intel.

Broadcom is also a component of the S&P 500, a market-capitalization-weighted index. Hock Tan's serial acquisition strategy, running from Avago through to the VMware deal, is the primary reason AVGO's share price appreciated to levels that made the 2024 split both logical and necessary.

Broadcom Stock Split History: Complete AVGO Record

Broadcom Inc. has split its stock once: a 10-for-1 forward split effective July 15, 2024, which is the only stock split in the entire history of the AVGO ticker.

This table represents the complete stock split history for the AVGO ticker. No splits were executed by Avago Technologies (IPO 2009) or Broadcom Inc. between 2009 and 2024. Prices are approximate per public Nasdaq market data.

The absence of any prior split is not an oversight in the data. Avago Technologies went public in August 2009 and spent the following seven years building through acquisitions before the 2016 merger with Broadcom Corporation. Through those years, the share price appreciated but remained within a range that did not create the same accessibility concerns that a price above $1,000 typically raises for retail investors.

After the 2016 merger, the pace of acquisition-driven growth accelerated. The 2023 VMware deal and rising demand for Broadcom's custom AI chips pushed the share price past $1,700 by mid-2024, a level unprecedented in the ticker's history and one that made the case for a split clear.

Broadcom Stock Split Date, Ratio, and Share Price Impact

Broadcom announced the 10-for-1 stock split on June 12, 2024, alongside its second-quarter fiscal year 2024 earnings report, with the split taking effect on July 15, 2024. Broadcom's official split announcement is available through Broadcom's investor relations portal and the related SEC Form 8-K filing dated June 12, 2024.

Announcement and Effective Dates

President and CEO Hock E. Tan disclosed the 10-for-1 split on the Q2 FY2024 earnings call on June 12, 2024. Two dates matter for shareholders:

• Announcement date: June 12, 2024 (the date Broadcom disclosed the split publicly, alongside earnings results)
• Record date: The date shareholders needed to be registered holders of AVGO shares to receive additional split shares; this date fell before the effective date
• Effective date (ex-split date): July 15, 2024 (the date AVGO shares began trading at the new 10-for-1 adjusted price on the Nasdaq)

No action was required from shareholders. Additional shares were credited automatically to all brokerage, IRA, and 401(k) accounts holding AVGO on the record date.

Pre-Split and Post-Split Price Data for AVGO (Broadcom)

Prices are approximate per public Nasdaq historical price data. Market capitalization figure is approximate at time of split announcement. The split itself did not alter total market capitalization.

The immediate mechanical impact of the Broadcom 10-for-1 stock split on share price was a division by 10: from approximately $1,700 to approximately $170. Any movement in AVGO's share price after that point reflects trading based on business fundamentals and broader market conditions, not the mechanics of the split.

Shares outstanding increased approximately tenfold following the split, consistent with the 10-for-1 ratio. Broadcom's precise pre- and post-split share count figures are available through SEC EDGAR filings at sec.gov.

Reading Split-Adjusted AVGO Prices on Financial Charts

Financial platforms including Yahoo Finance, Google Finance, and Nasdaq.com display AVGO historical prices in split-adjusted format by default. This means all pre-July 15, 2024 prices are retroactively divided by 10 to make historical data comparable to the current price scale.

A split-adjusted price is a historical price that has been mathematically recalculated to reflect the 10-for-1 split ratio, so that older prices can be compared on the same scale as post-split prices. If a chart shows AVGO trading at approximately $17 in 2015, that is a split-adjusted figure. The actual market price at that time was approximately $170.

To check which format a chart is using, look for a label marked "adjusted" or a toggle between adjusted and unadjusted views in the chart settings. Most retail-facing platforms default to the adjusted view.

What the Broadcom Stock Split Changed (and What It Didn't)

A stock split does not change the total value of your investment. On the day the Broadcom split took effect, shareholders who held 1 share worth approximately $1,700 found themselves holding 10 shares worth approximately $170 each: the same total. The number on your brokerage screen changed; the amount your investment was worth did not.

For a full explanation of how the 10-for-1 split mechanics work, refer to the mechanics section above.

What Changed After the Broadcom Stock Split

• Share count per original share held: multiplied by 10 (1 share became 10 shares)
• Price per share: divided by 10 (approximately $1,700 became approximately $170)
• Dividend per share: divided by 10 (proportionally adjusted; see dividend explanation below)
• Earnings per share (EPS): divided by 10 (historical EPS figures are retroactively adjusted for comparability)
• Historical chart display: all pre-split prices retroactively adjusted on financial platforms to the split-adjusted scale

What Did NOT Change After the Broadcom Stock Split

• Your total investment value: 10 shares × $170 = the same $1,700 you held before the split
• Broadcom's total market capitalization: share price divided by 10, shares outstanding multiplied by 10, the product is identical
• Your percentage ownership of the company: you hold the same proportional claim on Broadcom's assets and earnings
• Your total dividend income: more shares at a lower per-share dividend produces the same total payout (explained below)
• The price-to-earnings (P/E) ratio: both price and earnings per share (EPS) were divided by 10, so P/E is unchanged at the moment of the split
• Your tax status: stock splits are generally not taxable events in the United States; consult a tax professional for your specific situation

How the Split Affected Broadcom's Dividend

Broadcom's dividend per share was adjusted proportionally following the 10-for-1 split. The per-share dividend was divided by 10, but because shareholders hold 10 times as many shares, total quarterly dividend income per original share held is unchanged.

As a concrete example: if Broadcom was paying a quarterly dividend of $5.25 per share before the split, the post-split quarterly dividend was adjusted to $0.525 per share. An investor who held 1 share pre-split received $5.25 per quarter. That same investor holds 10 shares post-split and receives $0.525 × 10 = $5.25 per quarter. The total payout is identical. Broadcom's dividend growth policy and quarterly payment cadence were unaffected by the split. The dividend yield percentage also remained unchanged at the moment of the split, because both the annual dividend income and the total portfolio value were divided by the same factor.

Why Did Broadcom Split Its Stock in 2024?

Broadcom split its stock for three primary reasons: to make shares more accessible to a wider range of investors, to improve trading liquidity, and to bring the share price in line with the requirements of price-weighted indices such as the Dow Jones Industrial Average.

Three Reasons Broadcom Split Its Stock

1. Share price accessibility. At approximately $1,700 per share, AVGO was among the highest-priced stocks on the Nasdaq Global Select Market. An investor with $500 to deploy could not purchase a single whole AVGO share without access to fractional share trading. Not all brokerage platforms and account types support fractional shares, particularly some retirement accounts and international brokerages. The post-split price of approximately $170 per share opened the stock to a substantially broader pool of retail investors. Broadcom cited this accessibility rationale explicitly in its split announcement.

2. Trading liquidity. Stock liquidity refers to the ease with which shares can be bought and sold in the market. A lower per-share price typically attracts more individual market participants who can afford to buy and sell whole shares, which increases daily trading volume and narrows bid-ask spreads. Broadcom cited improved liquidity as an explicit rationale for the 2024 split, and AVGO's nominal price of approximately $1,700 was among the highest for any major Nasdaq-listed company pre-split.

3. Index composition eligibility. The Dow Jones Industrial Average (DJIA) is a price-weighted index, meaning each of its 30 components receives a weighting determined directly by its share price. A pre-split AVGO price of approximately $1,700 would have given Broadcom a disproportionate weighting in the Dow, creating practical index management challenges. The post-split price of approximately $170 brought AVGO in line with the price range of other DJIA components. The post-split performance section below describes the outcome of this connection.

What Drove the AVGO Share Price to $1,700?

Two fundamental business developments drove AVGO from approximately $800–$900 per share (split-adjusted) in 2022 to approximately $1,700 per share (pre-split nominal) by mid-2024.

The VMware acquisition. As noted in the corporate history above, Broadcom completed its acquisition of VMware for approximately $61 billion in November 2023. The integration of VMware's recurring software revenue into Broadcom's financial profile expanded the company's earnings base, which drove stock price appreciation through the first half of 2024.

AI semiconductor demand. Broadcom designs custom AI accelerator chips, known as XPUs (custom application-specific integrated circuits, or ASICs), for hyperscale data center customers including Alphabet (Google) and Meta. This business is distinct from NVIDIA's GPU-based AI accelerator model; Broadcom builds application-specific chips tailored to individual customer workloads rather than general-purpose GPUs. The AI chip business became a material revenue growth segment for Broadcom in fiscal years 2023 and 2024. Combined with the VMware integration, this growth pushed AVGO to price levels that made the 10-for-1 split both necessary and logical.

Broadcom Stock After the Split: Post-July 2024 Performance and DJIA Addition

Following the July 15, 2024 effective date, AVGO shares began trading at the adjusted price range and continued active trading on the Nasdaq, with the company reaching a notable index milestone later in 2024.

The most significant post-split development for Broadcom was its addition to the Dow Jones Industrial Average in November 2024, replacing Intel. This outcome connects directly to the split. The DJIA is a price-weighted index, meaning each component's weight is determined directly by its share price rather than by its market capitalization. This distinguishes it from the S&P 500, which is market-cap weighted and was unaffected by Broadcom's split in terms of index composition methodology.

Broadcom's pre-split price of approximately $1,700 would have given it a weight in the 30-stock DJIA that was disproportionate relative to other components, creating index management challenges for S&P Dow Jones Indices, which maintains the index. The post-split price of approximately $170 placed Broadcom in a workable range for DJIA inclusion. For reference on the DJIA's price-weighting methodology, S&P Dow Jones Indices publishes its index methodology documentation at spglobal.com.

The split, in other words, had a strategic corporate consequence that extended beyond retail investor accessibility: it made inclusion in one of the world's most closely watched financial benchmarks feasible. Broadcom's addition to the DJIA in November 2024 represents confirmation of the company's blue-chip standing among the 30 components of that index.

Forward stock splits are historically associated with companies whose share prices have risen substantially, reflecting strong business fundamentals. The split itself is mechanically neutral on valuation: it does not change earnings, revenue, or the company's underlying business position.

Broadcom vs. NVIDIA: Comparing the 2024 Stock Splits

Two of Nasdaq's largest semiconductor companies executed identical 10-for-1 forward stock splits within 35 days of each other in summer 2024: NVIDIA (NVDA) on June 10 and Broadcom (AVGO) on July 15. This parallel is notable because both companies cited AI-driven stock price appreciation as the primary context for their splits, and both used the same 10-for-1 ratio.

Prices are approximate per public Nasdaq market data. Market capitalization figures are approximate at time of respective split announcements. This table is for informational comparison only and does not constitute investment advice.

NVIDIA's split preceded Broadcom's by approximately 35 days. Both are Nasdaq-listed AI and semiconductor companies whose share prices had been driven upward by the wave of capital investment in AI infrastructure that characterized 2023 and 2024. NVIDIA's AI business centers on general-purpose GPUs for data centers, while Broadcom's AI chip business focuses on custom ASICs built for specific hyperscaler customers. Despite this product-level distinction, both companies faced the same practical issue: share prices that had become barriers to broader retail investor participation.

For context on how other large technology companies have managed share price levels, Apple (Nasdaq: AAPL) has split its stock five times, most recently a 4-for-1 split on August 31, 2020. Tesla (Nasdaq: TSLA) has split twice: a 5-for-1 split on August 31, 2020 and a 3-for-1 split on August 25, 2022. For a detailed look at how Tesla's pre-split prices compare, see this guide on Tesla's highest TSLA stock price before its split.

2024 stands as a notable year for large-cap AI and semiconductor stock splits, with both AVGO and NVDA executing major splits driven by the same broad industry tailwind. To follow NVIDIA's financial calendar and understand how to track its earnings dates, see this guide on how to find the NVIDIA stock earnings date.

Broadcom Stock Split: Frequently Asked Questions

The following questions reflect what AVGO shareholders and prospective investors most commonly ask about the Broadcom stock split.

Has Broadcom ever split its stock?

Yes, once. Broadcom Inc. executed a 10-for-1 forward stock split effective July 15, 2024. This is the only stock split in the history of the AVGO ticker, which has been public since Avago Technologies' initial public offering in August 2009. Neither Avago Technologies nor the post-merger Broadcom Inc. split its stock at any point between 2009 and 2024.

What was the Broadcom stock split ratio?

The ratio was 10-for-1. Each existing AVGO share was exchanged for 10 shares on July 15, 2024, reducing the price per share from approximately $1,690–$1,800 to approximately $169–$180, per public Nasdaq market data. The total number of shares outstanding increased approximately tenfold, while the company's market capitalization remained unchanged at the moment of the split.

What was Broadcom's stock price before the split?

Before the July 15, 2024 split, AVGO traded at approximately $1,690–$1,800 per share, per public Nasdaq market data. Following the 10-for-1 split, shares began trading at approximately $169–$180. The split itself did not cause a directional change in the stock's price beyond the proportional 10-to-1 division; subsequent price movements reflected ordinary market trading.

Does a stock split affect dividends?

Yes, the per-share dividend is adjusted proportionally, but total dividend income per original share held does not change. In Broadcom's case, the quarterly dividend per share was divided by 10 following the 10-for-1 split. A shareholder who held 1 share and received a quarterly dividend of $5.25 pre-split now holds 10 shares and receives $0.525 per share per quarter, which equals $5.25 in total quarterly income. Broadcom's dividend policy and quarterly payment cadence were unaffected by the split.

Did the Broadcom stock split increase share price?

No. The split divided the share price by 10 proportionally on the effective date of July 15, 2024. It did not increase the price. On that date, the pre-split price of approximately $1,700 became approximately $170: a mathematical division rather than a value change. Share price movement after the split reflects subsequent market trading driven by business fundamentals, not the mechanics of the corporate action.

Why did Broadcom split its stock?

Broadcom split its stock to make shares more accessible to retail investors who could not afford a whole share at approximately $1,700, to improve trading liquidity by lowering the price barrier for market participation, and to bring the share price in line with the requirements of price-weighted indices such as the Dow Jones Industrial Average. The split followed two years of price appreciation driven by the November 2023 VMware acquisition (approximately $61 billion) and strong growth in Broadcom's custom AI chip business serving hyperscale data center customers.

Is Broadcom stock a good buy after the split?

A stock split does not change a company's fundamental value, earnings trajectory, debt levels, or business outlook. The post-split AVGO share price of approximately $170 represents the same proportional ownership stake as the pre-split price of approximately $1,700. Investors evaluating AVGO should assess Broadcom's revenue growth, earnings, competitive position, and valuation metrics independently, using current financial data available through Nasdaq's AVGO historical data page or Broadcom's investor relations portal. This article is for informational purposes only and does not constitute investment advice.

What happened to Broadcom stock after the split?

Following the July 15, 2024 effective date, AVGO shares continued active trading on the Nasdaq Global Select Market at the adjusted post-split price. The most significant corporate milestone connected to the split occurred in November 2024, when Broadcom was added to the Dow Jones Industrial Average, replacing Intel. This addition was made feasible in part by the lower post-split share price, given the DJIA's price-weighted methodology. The S&P Dow Jones Indices announcement of this component change is a matter of public record.

The Bottom Line on the Broadcom Stock Split

Broadcom's 10-for-1 stock split on July 15, 2024 was a mechanical adjustment that changed the number of shares and the price per share without altering the company's value, shareholders' proportional ownership, or total dividend income. The split was the first in the 15-year history of the AVGO ticker, announced on June 12, 2024 alongside Q2 FY2024 earnings, and driven by a share price that had reached approximately $1,700 following the VMware acquisition and growth in Broadcom's AI chip business. The post-split price of approximately $170 broadened retail investor access, improved trading liquidity, and enabled Broadcom's subsequent addition to the Dow Jones Industrial Average in November 2024.

If your brokerage account showed a different share count after July 15, 2024, that change was expected and correct. Your investment value did not change on that day.

This article is for informational purposes only and does not constitute investment advice, financial guidance, or a recommendation to buy, hold, or sell any security. Past performance does not guarantee future results. Consult a qualified financial advisor before making investment decisions.

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