Broadcom Chief Legal Officer Sells $9.7 Million in Stock

Corporate ActionProduct / Tech
โดย Insider Monkey·Read original
Summary · why it matters

Broadcom's Chief Legal & Corporate Affairs Officer Mark Brazeal sold $9.7 million in stock at $387 per share on June 29, 2026, reducing his stake by 17%. The transaction adds to a year of net insider selling at the company, highlighted by President Hock Tan's $50 million divestment at $337 per share. Despite the sales, total insider ownership remains at 1.1%, representing approximately $20 billion in equity. The insider move follows Broadcom's June 24 announcement with OpenAI of 'Jalapeño,' a custom intelligence processor co-developed in under nine months for large language model inference, which CEO Hock Tan said will enable gigawatt-scale data center deployments with Microsoft and other partners starting in 2026.

Impact on stocks 2

Artificial Intelligence± Mixed · 2 stocks
Broadcom Inc
AVGO
▼ NegativeCapitalrelevance

Chief Legal Officer sold $9.7M in stock, adding to year of net insider selling including President's $50M divestment.

Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

Microsoft is mentioned as a partner for gigawatt-scale data center deployments using the new Jalapeño processor starting in 2026.

Theme Impact 3

Off-coverage companies 1

OpenAIPrivate▲ Positive
Technologyrelevance

OpenAI co-developed the Jalapeño custom intelligence processor with Broadcom for large language model inference.

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