Broadcom Shares Jump as AI Growth Fuels Upbeat Forecast
During a conference call with analysts, Tan said Broadcom was ramping up production of AI chips for hyperscalers — a term that describes giant data center operators. He said the company’s custom semiconductors can be more effective in some cases than general-purpose accelerator chips, the kind of product sold by Nvidia Corp.
Broadcom Exceeds Q1 Earnings Estimates
Broadcom shares rose after the chip maker said quarterly revenue jumped. Artificial-intelligence revenue jumped 77% from a ...
Key Takeaways The S&P 500 added 0.6% on Friday, March 7, after the February jobs report showed a slight recovery in hiring ...
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Revenue from the company’s custom AI chips is soaring, with more potential customers in the pipeline.
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The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.
Hock Tan on Broadcom earnings $4 billion AI sales, chips, VMware and VCF, cloud hyperscalers, software infrastructure and ...
AVGO analysts highlight AI growth, recovery of non-AI segments, and new XPU customers. Expect continued strength in AI ...
Micron Technology (NASDAQ:MU) and Broadcom (NASDAQ:AVGO) were in the spotlight on Friday as Citi said the pair are still its ...
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