Broadcom Shares Surge as It Adds More Custom AI Chip …

Dec 17, 2024 · The surge in share price brought the stock's gains up to more than 100% for the year to date. Let's take a closer look at the company's most recent results and commentary to …

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Broadcom Shares Surge As It Adds More Custom AI Chip …

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Dec 17, 2024 · The surge in share price brought the stock's gains up to more than 100% for the year to date. Let's take a closer look at the company's most recent results and commentary to …

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Broadcom's AI Push Prompts 22% Stock Surge, $90B Forecast By …

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Dec 13, 2024 · Broadcom Shares Surge 22% as AI Chip Forecast Boosts Revenue Outlook. ... Broadcom's custom AI chips, which analysts say will become a key driver of growth in the …

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Broadcom Rises As Top AI Chip Supplier After Nvidia, Thanks To …

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Jun 6, 2024 · It is the top market share leader with ~55-60% share in custom (ASIC) chip designs. As per the analyst, the market has a $20 billion — $30 billion market opportunity growing at a …

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Broadcom Shares Jump 14% In Extended Trading On Projection Of …

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Dec 13, 2024 · Revenue rose to nearly $14.1 billion in the period, which ended November 3. Analysts had estimated $1.39 a share in earnings and revenue of $14.1 billion on average, …

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Broadcom Stock Gains. Why The AI Chip Maker Got A Boost From …

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Broadcom shares were up 7.1% at $220.97 Thursday, while the S&P 500 was up 0.2%. ... Morgan Stanley’s technology team estimates the custom AI chip share of the market stood at …

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Broadcom Hits $1T Valuation As Wall Street Loves The Custom AI ...

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Dec 13, 2024 · Broadcom's (AVGO) quarterly results may have topped estimates, but its guidance of up to $90B in revenue from custom AI chips by 2027 has people really excited. …

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Broadcom Soars As Demand For AI Chips Powers Forecast Raise

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Jun 13, 2024 · Broadcom, whose shares have risen 76% in the past 12 months and closed at $1495.5 on Wednesday, joined Nvidia , opens new tab in trying to make its stock more …

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Broadcom Is Suddenly Worth $1 Trillion. What This Means For …

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Dec 18, 2024 · In recent weeks, Broadcom's stock has surged, pushing the company's market value over $1 trillion. Broadcom is crucial for companies seeking alternatives to Nvidia's AI chips.

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VMware And Custom AI Chips: Broadcom's Recipe For Explosive …

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Dec 17, 2024 · Broadcom's Q4 FY2024 earnings report shows strong revenue growth, driven by custom AI chip demand, pushing its market cap past $1 trillion. Read more here.

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Broadcom Takes Center Stage: The Rising Titan In AI Chip Market

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Dec 21, 2024 · Broadcom is making waves in the AI chip market with its impressive 220% AI revenue growth to $12.2 billion in fiscal 2024. Known for its focus on inference chips, …

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Broadcom Stock (AVGO) Surges On Alphabet’s $75B AI Spending …

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3 days ago · Broadcom stock surged 4.3% on Wednesday and gained another 1.5% in today’s pre-market trading session. This surge was driven by an announcement made by the …

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Broadcom Stock Jumps On Analyst Upgrades And AI Market …

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3 days ago · Broadcom (AVGO, Financial) shares jumped 4% in premarket trading Wednesday after an infusion of renewed bullish sentiment swelled in its growth prospects around the firm's …

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2 days ago · Broadcom is benefiting from an increase in artificial intelligence (AI) infrastructure spending. The company generated $4.87 per share in non-GAAP earnings last year. Its …

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FAQs about Broadcom Shares Surge as It Adds More Custom AI Chip … Coupon?

Will Broadcom stock surge as it adds more custom AI chips?

Broadcom Shares Surge as It Adds More Custom AI Chip Customers. Can the Momentum in the Stock Continue? Broadcom just turned in solid, but not spectacular, fiscal fourth quarter results. However, investors were very excited about the AI opportunity the company laid out. ...

Why did Broadcom (Avgo) share price surge?

Broadcom (AVGO -0.26%) shares were skyrocketing higher after the company reported record revenue in its fiscal fourth quarter, ended Nov. 3, and said it was developing custom artificial intelligence (AI) chips for a number of large customers. The surge in share price brought the stock's gains up to more than 100% for the year to date. ...

Does Broadcom have a revenue opportunity for AI?

Broadcom likely has a cumulative revenue opportunity of $150 billion over the next four to five years from its large AI customers, he said. That implies a compound annual growth rate in AI semiconductor revenue of 30% to 40% over that time period. "The team has created strong barriers to entry in the custom AI ASICs market," Sur said. ...

Will Broadcom ramp up its AI chip spending?

That puts a lot of doubt into how this customer may ramp up its AI chip spending. After the surge in its price, Broadcom now trades at a forward price-to-earnings (P/E) ratio of under 30. That's higher than where it has traded at in the past several years although investors are clearly baking in some future accelerated growth. ...

What is Broadcom's AI chip market opportunity?

"We are very well positioned to achieve a leading market share in this opportunity and expect this will drive a strong ramp from our 2024 AI revenue base of $12.2 billion," Tan said. The AI chip market opportunity figure does not include business from two other customers that Broadcom recently signed. ...

Will Broadcom turn Apple into revenue-generating customers by fiscal 2027?

Tan said that Broadcom plans to turn these companies into revenue-generating customers by fiscal 2027. Apple could be one of these new customers as it was recently reported that the iPhone maker was working with Broadcom on a new AI server chip, code-named Baltra, to help run its AI applications in the cloud. ...