Broadcom

Broadcom forecasts first-quarter revenue above estimates on strong AI chip demand By Reuters

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Broadcom forecasts first-quarter revenue above estimates on strong AI chip demand By Reuters

(Reuters) – Broadcom on Thursday forecast its first-quarter earnings to beat Wall Street estimates, betting on demand for artificial intelligence chips and networking gear to double the adoption of GenAI infrastructure. Shares of the Palo Alto, Calif.-based company rose more than 3% in extended trading, having gained about 60% this year as one of the … Read more