What if you bought Broadcom the day it closed the VMware deal?
This uses real data to show what would have happened if you had invested a lump sum in Broadcom (AVGO) on November 22, 2023 — the day it completed its ~$69 billion acquisition of VMware — and held until now. This closing was the catalyst for Broadcom's re-rating into an AI and software leader. As a single stock, be mindful of survivorship bias.
⚠️ Know the risk first
A large acquisition is a growth opportunity but carries integration, debt, and overvaluation risk, and does not guarantee a rising stock. Buying in a high-water or boom phase may be a moment when expectations are already priced in, so be sure to check the maximum drawdown.
⚠️ This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
What happened that day
On November 22, 2023, chipmaker Broadcom completed its roughly $69 billion acquisition of virtualization-software company VMware (delisted the same day). With this large deal, Broadcom spanned infrastructure software and was re-rated into an AI and software leader.
Why this date
The buy date is the deal-close day when a large acquisition changed the character of the company, computing 'what if you bought the very day a chipmaker came to span software.'
Investment conditions
Asset · Broadcom (AVGO) · lump-sum on the 2023 VMware deal-close day, then held long-term
Method · Lump-sum (all at once)
Period · 2023-11-22 ~ 2026-07-01
Amount · $7,407
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Buy and final prices are shown in the asset's local currency (US & crypto $, Japan ¥, Korea ₩). Total invested and final value are in Korean won (₩).
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-41.1%
Largest drop from peak
Longest loss period
1months
Months in loss: 1
Recovery period
2months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $7,407 → Final value $29,022 (+291.8%), Maximum drawdown (MDD) -41.1%
Why this period and asset
November 22, 2023 is the day chipmaker Broadcom completed its roughly $69 billion acquisition of virtualization-software company VMware, whose stock was delisted from the NYSE that day. With this large deal, Broadcom became a company spanning infrastructure software beyond semiconductors, and — coinciding with the newly ignited AI data-center boom — was re-rated into an AI and software leader.
Interpreting the result
If you bought on this deal-close day and held without selling, you can see the final value and return in the metrics below. Coinciding with the AI-chip boom, the result can be large, but that number reflects 'if you never sold,' and you should also review stretches that could wobble on post-deal integration risk or market corrections. Beyond the final return, be sure to check the maximum drawdown and loss periods. Investing gradually each month instead of all at once would have spread out the entry-timing risk.
Caveats & limits
Be mindful of survivorship bias. Broadcom is a stock picked in hindsight because it rose sharply during the AI boom, and a large acquisition does not always lead to a successful re-rating (many companies faltered from overreach). Buying during a high-water or boom phase may be a moment when expectations are already priced in. Figures use adjusted close and exclude exchange rates, fees, and taxes; always review the maximum drawdown and loss periods. Past results do not guarantee the future.
Event fact sources
- Broadcom Inc. — Broadcom Completes Acquisition of VMware (2023-11-22)
- PR Newswire — Broadcom Completes Acquisition of VMware (2023-11-22)
Requested date vs actual trading date
If the event date is a holiday, the fill uses the next trading day's close. The 'effective trading date' below is the date actually used.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-28
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Why use November 22, 2023 as the buy date?
That is the day Broadcom officially completed its ~$69 billion VMware acquisition (VMware was delisted the same day). It best captures 'what if you bought the very day a large acquisition changed the character of the company.'
Is a large acquisition always good for the stock?
No. A large acquisition is a growth opportunity but also carries integration, debt, and overvaluation risk. Many companies faltered from overreach. Broadcom is a case re-rated alongside the AI boom; an acquisition does not guarantee a rising stock.
Were there loss periods along the way?
There were drawdown stretches after entry depending on market conditions. See the actual path in the maximum drawdown and loss-period metrics below. The final return only holds if you held through them without selling.
Are FX and taxes reflected?
No. Exchange rates, trading fees, and taxes are not reflected — figures are pre-tax. This page only shows historical data and recommends no specific stock.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.
⚠️ Calculated using today's representative assets, which may differ from the market composition at the time.