One analyst noted that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing ...
Broadcom backed up Nvidia’s projections that large technology companies have an appetite for building data centers with up to ...
Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the ...
These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to ...
Big Tech’s push to diversify beyond Nvidia’s pricey and supply-constrained AI processors has been a windfall for Broadcom, ...
Chip maker and enterprise software player Broadcom announced its financial results for the final quarter of its fiscal 2024 ...
Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales ...
Broadcom Inc (AVGO) stock surged on better-than-expected earnings and dividend raise, but missed revenue expectations. Analysts remain bullish on its AI and custom chip growth prospects.
The company was on track to add around $120 billion to its market value of $843 billion, based on premarket share movements, ...
See here for an analysis of Broadcom's high valuation, slowing revenue growth, debt burden, and competitive pressures, ...