The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when Broadcom CEO Hock Tan said the company is developing c

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.

Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its shares surged 21% after CEO Hock Tan said AI could present a $60 billion to $90 billion revenue opportunity in 2027,

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 (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