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Broadcom Earnings Boost Nasdaq
Broadcom is now a $1 trillion company as stock surges 20% on AI boom
Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.
Stock Market Today: Broadcom Earnings Boost the Nasdaq
Broadcom became the latest member of the $1 trillion market-cap club after its quarterly results, while RH and Costco also rallied on earnings.
Nvidia’s stock is missing out on the big chip rally after Broadcom earnings
One analyst notes that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing units.
AI, Broadcom
Broadcom forecasts Q1 revenue above estimates on strong AI chip demand
Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years. Shares of the Palo Alto, Ca
Broadcom's Earnings Exceed Expectations on AI Revenue Growth
Broadcom (AVGO) reported fiscal fourth-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday. The chipmaker saw fourth-quarter revenue grow 51% year-over-year to $14.
Broadcom beats on profit, says AI revenue more than tripled this year
Broadcom is seeing soaring demand from the boom in generative AI infrastructure. For the year, the company said AI revenue jumped 220% to $12.2 billion. Some of that growth is fro
6h
on MSN
Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when ...
5h
Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand
Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the ...
Money Morning
16m
Broadcom’s 51% Revenue Growth Sparks Massive Rally: Overbought or Just Getting Started?
Wall Street’s largest mover on Friday was shares of Broadcom after the stock jumped more than 20%. The move marks Broadcom’s ...
3h
Heard on the Street: Broadcom Makes Its Trillion Dollar AI Payday
Broadcom has never been one for making fanciful forecasts. Which is why its latest one carries a lot of weight. The chip ...
8h
Broadcom Soars On Strong AI Demand
These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to ...
7h
on MSN
Broadcom’s stock may see its best day ever as investors get ‘a reason to dream’
Broadcom Inc.’s stock could see its best day on record Friday, as investors salivate over the company’s prospects for the ...
2h
on MSN
BofA raises its Broadcom price target
Vivek Arya, senior semiconductor analyst at BofA Securities, joins CNBC's 'The Exchange' to discuss Broadcom's earnings ...
7h
Is The IPO Market Back? Broadcom Shines On Earnings
Stocks were broadly lower on Thursday, though modestly so. The S&P 500 fell 0.5% while the Nasdaq Composite dropped 0.7%.
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