Jabran Kundi

Sat, March 28, 2026 at 11:18 AM EDT 2 min read

Broadcom Inc. (NASDAQ:AVGO) is one of the 10 High Growth Mega Cap Stocks to Buy and Hold for Next 10 Years. On March 24, Broadcom Inc. (NASDAQ:AVGO) and Carahsoft Technology Corp. announced that they had secured a five-year, $970M blanket purchase agreement from the Defense Information Systems Agency. The deal marks an expansion of AVGO’s role in U.S. defense technology. The agreement is designed to streamline and consolidate software contracts across multiple Department of Defense agencies, including the Space Force and Air Force. It also introduces standardized pricing and improved cost transparency for private cloud infrastructure, security solutions, and other Broadcom offerings. This is expected to simplify how agencies purchase and deploy technology.

Regan McGrath, President, Americas, Broadcom, expressed his views on the partnership:

Broadcom is proud to partner with Carahsoft on this vital modernization initiative for the DoW. By consolidating licensing, simplifying procurement and delivering a modern private cloud, we are helping the agency and the agencies it serves to accelerate secure digital transformation at scale. This agreement ensures mission-ready performance, consistent governance and a foundation capable of supporting the next generation of AI-enabled defense capabilities.

At the core of the agreement is VMware Cloud Foundation. It allows agencies to run both legacy and cloud-based applications on a single platform, with support for AI and Kubernetes. The deal also includes additional services and tools aimed at improving efficiency and reducing risks. It may also help reduce costs and speed up deployment timelines.

Broadcom Inc. (NASDAQ:AVGO) operates as a developer, designer, and supplier of a range of semiconductor devices and infrastructure software solutions globally. It operates through the  Infrastructure Software and Semiconductor Solutions segments. The company was incorporated in 1961 and is based in Palo Alto, California.

While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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