Broadcom Beats Quarterly Estimates, Dismisses AI Chip Peak Pessimism
AVGO Broadcom Inc
$367.81 -0.51%
View chart & analysis → - 1Broadcom (AVGO) handily beat market expectations with quarterly revenue of $29.59 billion and adjusted EPS of $3.32.
- 2AI semiconductor revenue tripled to $16.7 billion for the quarter, with plans to supply $350 billion worth of AI chips to key customers over the next two years.
- 3Following upbeat guidance from Dell (DELL) and Nvidia (NVDA), Broadcom also dismissed market pessimism that artificial intelligence growth has peaked.
This 3-line summary is compiled from the report below.
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