Insiders at Broadcom Trade Billions Amid AI Surge

Insider transactions at U.S. semiconductor and software giant Broadcom Inc. (NASDAQ: AVGO) have been disclosed in rapid succession. On June 11, insider Harry L. You acquired 1,000 shares on the open market, investing approximately $370,000 (around ₩500 million) of his own capital. Co-founder Henry Samueli and General Counsel Mark David Brazeal, operating under pre-arranged trading plans, sold shares around June 24–25, converting roughly $256 million and $9.7 million respectively into cash—amounts totaling several hundred billion Korean won. Even after these transactions, both Samueli and Brazeal continue to hold company stock worth billions of dollars, underscoring that these sales likely reflect short-term liquidity needs or partial stake rebalancing.

In its early-June announcement of second-quarter fiscal 2026 results, Broadcom reported revenue of about $22.2 billion, a 48 percent year-over-year increase. AI semiconductor sales grew to approximately $10.8 billion, yet the stock tumbled more than 10 percent immediately after the release, as the company’s AI outlook fell short of lofty market expectations.

Following Broadcom’s acquisition of VMware, friction over licensing and pricing policies has mounted. U.K. retailer Tesco has filed suit seeking roughly £100 million (around ₩170 billion) in damages and announced plans to migrate some 40,000 servers off VMware’s platform to alternative virtualization solutions—signs of possible attrition among major customers.

Broadcom, headquartered in California, is a leading provider of network and custom AI-accelerator chips as well as data-center and telecommunications semiconductors. Its roughly $60 billion acquisition of VMware in 2023 marked a strategic expansion into the enterprise software arena.