Broadcom's long and winding path to the trillion-dollar club, and how Trump played a role

In 2018, Broadcom’s $120 billion bid to acquire Qualcomm was rejected, with the Trump administration citing national security concerns. Broadcom later withdrew the offer, leading to a surge in its shares by 24% and reaching a market cap exceeding $1 trillion. Since abandoning the Qualcomm bid, Broadcom’s shares have increased by over 760%, surpassing Qualcomm’s gain of 165% and outperforming the S&P 500’s 119% rise.

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