Broadcom Stock Jumps on Surging AI Chip Sales. CEO Sees …

Broadcom also forecast sales of $14.6 billion for the current quarter versus a $14.55 billion estimate from analysts. For fiscal 2024 “AI revenue which grew 220 percent year-on-year was driven ...

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Broadcom Stock Jumps On Surging AI Chip Sales. CEO Sees …

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Broadcom also forecast sales of $14.6 billion for the current quarter versus a $14.55 billion estimate from analysts. For fiscal 2024 “AI revenue which grew 220 percent year-on-year was driven ...

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Broadcom Sees 4X Surge In AI Chip Sales, Fueling 44% Revenue

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Dec 13, 2024 · Broadcom Sees 4X Surge In AI Chip Sales, Fueling 44% Revenue Growth To Record $51.6 Billion In 2024: CEO Expects Momentum To Remain 'Strong' by Rishabh Mishra …

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Broadcom Valuation Soars Past $1 Trillion On AI Sales Boom

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(Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after predicting a boom in demand for its ...

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Broadcom Stock Soars To $1 Trillion Valuation As It Eyes AI Growth ...

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Dec 13, 2024 · Broadcom shares soared on Friday, pushing the chipmaker's valuation above $1 trillion for the first time ever. The stock climbed 23% to trade at $221.53 per share after …

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Broadcom Stock Soars On Massive AI Chip Opportunity

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Broadcom stock rocketed Friday after the fabless chipmaker forecast surging AI chip sales over the next three years. ... The company sees its AI chip sales rising 65% year over year to $3.8 ...

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Broadcom Stock Soars 20%, Market Cap Hits $1 Trillion On AI …

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Dec 13, 2024 · Earlier this week, The Information reported that iPhone maker Apple (AAPL-3.16%) is developing its first AI chip, internally known as Baltra, with Broadcom. The AI chip …

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Broadcom Shares Surge As It Adds More Custom AI Chip …

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Dec 17, 2024 · Turning to Broadcom's results, revenue surged 51% to $14.05 billion in the quarter, but was up just 11% when excluding the contributions from its acquisition of VMware, …

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Broadcom Stock: AVGO Surpasses $1 Trillion In Market Cap

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Broadcom delivered an earnings beat and a better-than-expected sales forecast for the current quarter. ... Broadcom Surpasses $1 Trillion in Market Cap for First Time After CEO Says AI …

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Broadcom Shatters Records: $1 Trillion Milestone Reached As AI …

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During an earnings call, Broadcom's CEO Hock Tanemphasized the enormous total addressable market for custom artificial intelligence accelerators, approximating it to be between $60 billion …

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

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Dec 13, 2024 · Investors have piled into Broadcom’s stock this year, lured by AI optimism. The Palo Alto, California-based company had predicted that it would get more than $10 billion in …

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Broadcom Surpasses $1 Trillion In Market Cap For First Time After …

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Dec 13, 2024 · Broadcom Surpasses $1 Trillion in Market Cap for First Time After CEO Says AI Chip Opportunity Is ‘Massive’ The chip company delivered an earnings beat along with a …

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Broadcom Stock Just Raised Its Dividend—Is It A Buy? - MarketBeat

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2 days ago · Broadcom Inc.'s NASDAQ: AVGO stock price has surged by almost 90% in the past year and over 60% in the last six months, making it a stock that Wall Street analysts are …

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FAQs about Broadcom Stock Jumps on Surging AI Chip Sales. CEO Sees … 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. ...

Did Broadcom's AI revenue rise 220% in a year?

The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when Broadcom CEO Hock Tan said the company is developing custom AI chips with large cloud customers. ...

Why did Broadcom stock surge 23%?

The stock surged as much as 23% to hit a $1 trillion market cap for the first time. The company pointed to strong AI demand, which it forecast will accelerate in coming years. Broadcom shares soared on Friday, pushing the chipmaker's valuation above $1 trillion for the first time ever. ...

Will Broadcom reach $30 billion by 2027?

Shares of Broadcom jumped nearly 20% to $215.92 in early trading Friday, pushing its market capitalization above the $1 trillion level. Broadcom reported its AI sales more than tripled to $12.2 billion in fiscal 2024, and Bank of America analysts suggested they could reach $30 billion by the end of the 2027 calendar year. ...

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'massive' AI chip opportunity?

Broadcom Surpasses $1 Trillion in Market Cap for First Time After CEO Says AI Chip Opportunity Is ‘Massive’ The chip company delivered an earnings beat along with a better-than-expected sales forecast for the current quarter. 17,213 people played the daily Crossword recently. Can you solve it faster than others? ...