Broadcom Stock Soars

Broadcom Stock Soars After Chip Maker Beats Earnings. The AI Trade Isn’t Dead.
Broadcom stock surged late Thursday after the company posted better-than-expected earnings. The strong results from the semiconductor maker could provide some relief to the beaten-down AI trade. For its fiscal first quarter ending January,
Broadcom Stock Surges on Strong Earnings, Outlook
Broadcom reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Thursday.
Broadcom shares soar 9% as earnings top estimates on demand for custom AI chips
Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis. Those sales are reported as part of Broadcom's semiconductor solutions business, which grew 11% on an annual basis to $8.21 billion during the quarter.
Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning. Broadcom’s stock surged more than 12% after-hours.
Broadcom Reports Earnings Today. Can It End the AI Chip Stock Selloff?
Broadcom will report its fiscal-first-quarter earnings after the market closes. Investors are eagerly anticipating whether the company will reaffirm its optimistic forecast of the market for artificial-intelligence chips a day after Marvell Technology disappointed with its AI-chip revenue.

Broadcom, AVGO and Q1

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Broadcom rallies after AI fuels stronger-than-expected forecast
BROADCOM, a chip supplier for Apple and other big tech companies, jumped in late trading after an upbeat forecast assured investors that spending on artificial intelligence computing remains healthy.
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