Broadcom also predicted that the addressable market for AI components that it designs for data center operators would reach as high as $90 billion by fiscal 2027.
Broadcom's $1 trillion valuation is driven by strong earnings growth, AI segment booming, semiconductor growth, and future ...
Broadcom stock soared Friday after the company touted its “massive” opportunity in the AI market during a quarterly earnings ...
Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.
Score another one for AI fever. Broadcom's shares surged 24% on Friday, making the company only the second chip maker after Nvidia to cross the $1 trillion market cap milestone. That came after the co ...
Broadcom Inc.'s stock sealed its best day on record Friday, as investors salivated over the company's prospects for the next few years.
The S&P 500 finished flat on Friday, Dec. 13, 2024, as attention shifted toward next week's Federal Reserve decision on ...
The Dow and S&P 500 recorded losses for the week, but the Nasdaq got a boost from big tech. Broadcom's valuation hit $1 ...
Broadcom became the latest member of the $1 trillion market-cap club after its quarterly results, while RH also rallied on ...
Broadcom's (AVGO) quarterly results may have topped estimates, but its guidance of up to $90B in revenue from custom AI chips ...
Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week.
Broadcom backed up Nvidia’s projections that large technology companies have an appetite for building data centers with up to 10 times as many AI chips as today.