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.
It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial ...
Broadcom ( AVGO -5.61%) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was down 2% at the same point in the day's trading, and ...
Broadcom shares surged in after-hours trading on Thursday as the chip designer announced better than expected revenue and a confident outlook around artificial intelligence.
Broadcom has beaten analyst estimates for revenue and earnings per share in 80% of recent quarters. Will the trend continue?
Broadcom reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Thursday.
Q1 2025 Earnings Conference Call March 6, 2025 5:00 PM ETCompany ParticipantsJi Yoo - Head, IRHock Tan - President ...
Semiconductor and enterprise software and security solutions provider Broadcom (AVGO) is scheduled to announce its results ...
Broadcom reportsnfirst-quarter revenue of $14.92 billion, beating analyst estimates of $14.61 billion, according to Benzinga Pro.
Broadcom will report its fiscal first-quarter earnings after the market closes. Investors are eagerly anticipating whether ...
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