Broadcom (AVGO) Stock Inflation-Adjusted

Broadcom Inc. (AVGO) is a global technology company that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions.

A stock's price history shows its nominal performance but not its real growth in purchasing power. To understand an investment's true performance, we must account for inflation. This page adjusts Broadcom's historical stock prices using the US Consumer Price Index, stripping away the effects of inflation. The charts and data below allow you to compare the nominal price with its real value over time, revealing a clearer picture of Broadcom's long-term growth.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use June 2025 as the baseline (latest available CPI).

The current value of Broadcom Inc. stock is 280.94 (as of the close of Jul 15, 2025), which is the all-time high.

Since August 6, 2009, the inflation-adjusted total return for the stock has been 15,484%, which is equivalent to an annual growth rate of 37.27%.

In nominal values, the total return since this date has been 23,189%, or an annualized rate of 40.77%.

Inflation-Adjusted Values by Month

This data presents Broadcom's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date	Inflation-Adjusted	Nominal value
Jul 2025	280.94	280.94
Jun 2025	275.65	275.65
May 2025	242.31	241.49
Apr 2025	193.06	192.01
Mar 2025	168.47	167.03
Feb 2025	200.48	198.32
Jan 2025	223.42	220.03
Dec 2024	235.63	230.54
Nov 2024	164.35	160.75
Oct 2024	172.06	168.38
Sep 2024	175.02	171.08
Aug 2024	164.83	160.86
Jul 2024	162.8	158.75
Jun 2024	162.86	158.62
May 2024	134.38	130.84
Apr 2024	131.74	128.06
Mar 2024	134.81	130.53
Feb 2024	132.57	127.54
Jan 2024	121.03	115.72
Dec 2023	115.11	109.47
Nov 2023	94.94	90.37
Oct 2023	86.11	82.14
Sep 2023	84.97	81.08
Aug 2023	94.14	89.61
Jul 2023	92.07	87.26
Jun 2023	89.04	84.22
May 2023	82.77	78.04
Apr 2023	64.34	60.51
Mar 2023	66.22	61.96
Feb 2023	61.11	56.99
Jan 2023	60.49	56.1
Dec 2022	58.27	53.62
Nov 2022	56.78	52.41
Oct 2022	48.4	44.71
Sep 2022	45.9	42.23
Aug 2022	51.28	47.08
Jul 2022	54.99	50.51
Jun 2022	49.89	45.83
May 2022	59.9	54.28
Apr 2022	57.87	51.87
Mar 2022	66.1	58.91
Feb 2022	62.07	54.59
Jan 2022	62.47	54.45
Dec 2021	71.55	61.84
Nov 2021	59.34	51.13
Oct 2021	57.26	49.1
Sep 2021	52.66	44.78
Aug 2021	53.75	45.58
Jul 2021	52.58	44.5
Jun 2021	51.9	43.72
May 2021	51.49	42.97
Apr 2021	50.13	41.5
Mar 2021	51.37	42.18
Feb 2021	52.02	42.42
Jan 2021	50.15	40.67
Dec 2020	48.95	39.53
Nov 2020	44.56	35.95
Oct 2020	38.77	31.3
Sep 2020	40.42	32.61
Aug 2020	38.22	30.8
Jul 2020	34.98	28.1
Jun 2020	35.03	28
May 2020	32.18	25.58
Apr 2020	30.01	23.85
Mar 2020	26.02	20.82
Feb 2020	29.36	23.55
Jan 2020	32.96	26.36
Dec 2019	34.26	27.3
Nov 2019	33.91	27.04
Oct 2019	31.39	25.04
Sep 2019	29.66	23.61
Aug 2019	30.11	23.95
Jul 2019	30.9	24.58
Jun 2019	30.72	24.4
May 2019	26.61	21.13
Apr 2019	33.74	26.73
Mar 2019	32.03	25.24
Feb 2019	29.24	22.91
Jan 2019	28.6	22.32
Dec 2018	27.17	21.16
Nov 2018	25.02	19.55
Oct 2018	23.48	18.41
Sep 2018	25.96	20.32
Aug 2018	22.9	17.9
Jul 2018	23.2	18.13
Jun 2018	25.39	19.83
May 2018	26.24	20.47
Apr 2018	23.99	18.63
Mar 2018	24.73	19.14
Feb 2018	25.74	19.87
Jan 2018	26.02	20
Dec 2017	27.1	20.71
Nov 2017	29.11	22.26
Oct 2017	27.64	21.14
Sep 2017	25.39	19.43
Aug 2017	26.42	20.11
Jul 2017	25.93	19.68
Jun 2017	24.48	18.59
May 2017	25.07	19.02
Apr 2017	23.14	17.54
Mar 2017	23.01	17.39
Feb 2017	22.09	16.68
Jan 2017	20.96	15.78
Dec 2016	18.68	13.98
Nov 2016	17.92	13.41
Oct 2016	17.87	13.39
Sep 2016	18.12	13.57
Aug 2016	18.52	13.83
Jul 2016	17.02	12.7
Jun 2016	16.3	12.18
May 2016	16.2	12.06
Apr 2016	15.36	11.39
Mar 2016	16.36	12.07
Feb 2016	14.2	10.44
Jan 2016	14.18	10.42
Dec 2015	15.42	11.31
Nov 2015	13.77	10.13
Oct 2015	12.97	9.56
Sep 2015	13.16	9.71
Aug 2015	13.2	9.75
Jul 2015	13.09	9.69
Jun 2015	13.91	10.29
May 2015	15.5	11.43
Apr 2015	12.3	9.02
Mar 2015	13.39	9.8
Feb 2015	13.5	9.82
Jan 2015	10.93	7.92
Dec 2014	10.64	7.74
Nov 2014	9.78	7.16
Oct 2014	8.99	6.61
Sep 2014	9.04	6.67
Aug 2014	8.51	6.27
Jul 2014	7.18	5.3
Jun 2014	7.45	5.51
May 2014	7.29	5.38
Apr 2014	6.58	4.83
Mar 2014	6.69	4.9
Feb 2014	6.42	4.68
Jan 2014	5.71	4.14
Dec 2013	5.55	4.01
Nov 2013	4.67	3.37
Oct 2013	4.73	3.43
Sep 2013	4.48	3.25
Aug 2013	3.98	2.89
Jul 2013	3.8	2.75
Jun 2013	3.87	2.8
May 2013	3.9	2.81
Apr 2013	3.31	2.38
Mar 2013	3.71	2.68
Feb 2013	3.54	2.55
Jan 2013	3.74	2.67
Dec 2012	3.32	2.36
Nov 2012	3.67	2.62
Oct 2012	3.43	2.46
Sep 2012	3.62	2.6
Aug 2012	3.82	2.73
Jul 2012	3.87	2.75
Jun 2012	3.76	2.68
May 2012	3.46	2.47
Apr 2012	3.6	2.57
Mar 2012	4.09	2.91
Feb 2012	3.97	2.8
Jan 2012	3.6	2.53
Dec 2011	3.08	2.15
Nov 2011	3.18	2.23
Oct 2011	3.59	2.52
Sep 2011	3.47	2.44
Aug 2011	3.51	2.47
Jul 2011	3.58	2.51
Jun 2011	4.05	2.83
May 2011	3.6	2.52
Apr 2011	3.58	2.49
Mar 2011	3.35	2.32
Feb 2011	3.69	2.53
Jan 2011	3.14	2.14
Dec 2010	3.12	2.12
Nov 2010	2.87	1.95
Oct 2010	2.71	1.84
Sep 2010	2.48	1.68
Aug 2010	2.22	1.5
Jul 2010	2.4	1.62
Jun 2010	2.32	1.57
May 2010	2.28	1.54
Apr 2010	2.26	1.53
Mar 2010	2.27	1.53
Feb 2010	2.01	1.35
Jan 2010	1.93	1.3
Dec 2009	2.04	1.36
Nov 2009	1.76	1.18
Oct 2009	1.67	1.12
Sep 2009	1.9	1.27
Aug 2009	2.03	1.36

Returns from Investing in Broadcom Inc. stock

How much did an investment in Broadcom really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Broadcom Inc. stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2011.

Year	Inflation-Adjusted Return	Nominal Return
2024	104.69%	110.6%
2023	97.54%	104.16%
2022	-18.55%	-13.29%
2021	46.17%	56.45%
2020	42.86%	44.8%
2019	26.12%	29.01%
2018	0.24%	2.16%
2017	45.11%	48.17%
2016	21.13%	23.64%
2015	44.97%	46.03%
2014	91.75%	93.21%
2013	67.31%	69.83%
2012	7.79%	9.67%
2011	-1.34%	1.58%
2010	53.04%	55.33%

Broadcom Inc. Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Broadcom over various trailing periods ending June 30, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	69.26%	73.78%
Last 3 years	76.79%	81.87%
Last 5 years	51.07%	57.99%
Last 10 years	34.8%	38.93%

Real Returns of Investing in the Broadcom

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in June 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Broadcom five years ago yielded an 1,071% nominal gain, but the real return (the actual increase in buying power) was 838.75%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2020 - Jun 2025	$1,170.59	1,071%	838.75%
Last 10 years Feb 2015 - Jun 2025	$2,806.23	2,706%	1,942%

Inflation and Broadcom's Business

As a key player in the semiconductor and software industries, Broadcom's operations are moderately affected by inflation through supply chain costs and enterprise demand.

Manufacturing and Supply Chain: The semiconductor industry is capital-intensive. Inflation increases the costs of raw materials, fabrication equipment and energy, which can compress profit margins.
Enterprise Spending: Broadcom's infrastructure software solutions are sold to large enterprises. During periods of high inflation and economic uncertainty, businesses may delay or reduce IT spending, impacting software revenue.
Research and Development: Attracting and retaining top engineering talent is crucial. Wage inflation can drive up R&D expenses, a significant part of Broadcom's budget.
Pricing Power: Broadcom's leadership position in many of its product categories provides it with strong pricing power, allowing it to pass on some increased costs to its customers.

Broadcom mitigates inflationary pressures through its focus on mission-critical products for which demand is less elastic. The company's long-term agreements with major customers and its operational efficiency help manage costs. Its dual focus on both hardware and software provides a level of diversification.

About Broadcom

Broadcom Inc. has a rich history rooted in the technology heritage of AT&T/Bell Labs, Lucent, and Hewlett-Packard/Agilent.

The company's product portfolio serves critical markets including data center, networking, software, broadband, wireless, and storage and industrial.

Headquartered in Palo Alto, California, Broadcom is a leading provider of technology solutions for many of the world's most successful companies. Its stock is a component of the Nasdaq-100 and S&P 500 indices.

Last Close Jul 15, 2025	280.94
Highest Jul 15, 2025	280.94
Highest, Inflation-Adjusted Jul 15, 2025	280.94
Annualized return Since Aug 6, 2009	40.77%
Annualized return, Inflation-Adjusted Since Aug 6, 2009	37.27%