Fidelity Resolves Legal Dispute Around “Business-Critical” Broadcom Software Access
Fatima Gulzar
Mon, February 2, 2026 at 9:11 AM EST
1 min read
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Broadcom Inc. (NASDAQ:AVGO) is among the Ken Fisher Stock Portfolio: 12 Best Stocks to Buy.
Fidelity Investments and Broadcom Inc. (NASDAQ:AVGO) struck a deal on January 28, 2026, as reported by Reuters. Fidelity Investments had accused Broadcom of threatening to cut off access to software that was essential to its systems. A Massachusetts state court lawsuit brought in November will be voluntarily dismissed by Fidelity when the semiconductor firm agrees to keep supplying software and services to a Fidelity subsidiary. The deal was reached before the planned hearing on a request for an injunction. According to Fidelity, there will be no disruption to operations, clients, associates, or partners. The disagreement arose after Broadcom Inc. (NASDAQ:AVGO) acquired VMware in 2023 and began bundling virtualization technologies.
Citi maintains a Buy rating on Broadcom Inc. (NASDAQ:AVGO) with a $480 price target after a transfer of coverage, as reported by TheFly on January 29, 2026. The company’s increasing AI sales are cited by the business as the reason for the Buy rating.
The stock is down by 4.86% YTD as of January 29, 2026.
Broadcom Inc. (NASDAQ:AVGO) is one of the world’s leading semiconductor businesses, and it has expanded into infrastructure software.
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Disclosure: None. This article is originally published at Insider Monkey.
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