These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion

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.

Investing.com - Broadcom on Thursday delivered upbeat revenue guidance for the current quarter and forecasted booming demand for its custom AI chips in the next few years, sending its shares soaring in extended trading.

Shares of Broadcom soared on Friday, launching the chipmaker into the small club of public companies worth more than $1 trillion.

Shares of Broadcom were soaring Friday following a bullish forecast on sales of artificial-intelligence chips, putting the company on the cusp of becoming the next member of the trillion-dollar club.