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

Shares of Broadcom soared 14% on Friday, with the chipmaker moving closer to $1 trillion in market value after it forecast that demand for its custom AI chips would keep rising in the coming years. The company was on track to add around $120 billion to its market value of $843 billion,

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.

Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster 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 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