Broadcom AI Semiconductor Revenue Grows 221%, Custom Chip Market Expansion Expected
AVGO Broadcom Inc
$375.81 +3.67%
View chart & analysis → - 1Broadcom recorded a 221% year-over-year growth in AI semiconductor revenue for the third quarter.
- 2Broadcom's fourth-quarter AI-related revenue forecast is $21.7 billion, a projected 236% increase from last year.
- 3Amazon stated it will add more custom silicon servers to its data centers than Nvidia GPUs.
So what's the key point?
Broadcom's AI semiconductor revenue grew significantly by 221%. This is positive news for the company as Amazon plans to use more custom chips.
Source The Motley Fool +1 · View original ↗
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