Broadcom stock soars 13% to new high on record AI revenue

Jun 13, 2024 · Broadcom stock soars 13% to new high on record AI revenue ... President and CEO of Broadcom. “Revenue from our AI products was a record $3.1 billion during the quarter.” ...

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Broadcom Stock Soars 13% To New High On Record AI Revenue

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Jun 13, 2024 · Broadcom stock soars 13% to new high on record AI revenue ... President and CEO of Broadcom. “Revenue from our AI products was a record $3.1 billion during the quarter.” ...

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Broadcom Stock Soars On Explosive 3-Year Artificial Intelligence (AI ...

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Dec 13, 2024 · In fiscal 2024, Broadcom's AI revenue was $12.2 billion. So, the CEO's projection equates to an AI product revenue compound annual growth rate (CAGR) of at least 70% to 95%.

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Broadcom Soars 13% As AI Revenue Triples, Driving Q4 Growth

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Dec 13, 2024 · Broadcom’s Q4 Earnings Surge: AI Revenue and Strategic Growth Shine. Broadcom Inc. reported higher revenue and earnings for the latest quarter, surpassing …

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Broadcom Beats Earnings Estimates As AI Revenue Triples

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Dec 13, 2024 · Broadcom reported record fiscal year 2024 revenue of $51.6 billion, a 44% year-over-year increase, driven by a 220% surge in AI-related revenue to $12.2 billion and strong …

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Broadcom's Earnings Exceed Expectations On AI Revenue Growth

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Dec 12, 2024 · However, the integration helped boost Broadcom's revenue to a record high for fiscal 2024. "Broadcom's fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 …

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Broadcom's Stock Rockets: AI Revenue Projections And …

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Dec 14, 2024 · Broadcom's stock soars by nearly 20% as it hits a new market cap milestone over $1 trillion, driven by impressive AI revenue growth and speculation about new high-profile AI …

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Broadcom Stock Soars 13% To New High On Record AI Revenue

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Broadcom’s stock surged to a record high during Thursday’s trading after the networking chipmaker increased its AI revenue forecast and announced a stock split following a stronger …

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Broadcom Earnings: Impressive Outlook For AI Revenue

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Dec 13, 2024 · Management estimates its fiscal 2024 SAM to be between $15 billion and $20 billion, which implies Broadcom holds a roughly 70% share with $12.2 billion in fiscal 2024 AI …

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Broadcom Valuation Soars Past $1 Trillion On AI Sales Boom - BNN …

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Dec 12, 2024 · The stock rose 24% to $224.80 in New York on Friday, its biggest one-day rally since August 2009 — the month when precursor company Avago Technologies Ltd. held its …

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Broadcom Hits $1 Trillion In Market Cap After Stock Soars

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Dec 23, 2024 · Here’s how Broadcom got there. AI revenue drives earnings. Broadcom had a strong fourth quarter, driven by its AI chips that facilitate the movement of data across mobile …

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Why Artificial Intelligence Stocks Broadcom, Alphabet (Google), …

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Jan 30, 2025 · Shares of AI giants Broadcom (AVGO-1.60%) ... while revenue came in $1.4 billion higher than expected. ... (AI) Stock Will Be Worth More Than Meta in 2025. Prediction: 2 AI …

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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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Why Artificial Intelligence Stocks Broadcom, Alphabet (Google), …

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Jan 30, 2025 · Shares of AI giants Broadcom (NASDAQ: AVGO) had moved roughly 4.5% as of 2 p.m. ET, while shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) had risen about …

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FAQs about Broadcom stock soars 13% to new high on record AI revenue Coupon?

How big is Broadcom's AI revenue in 2024?

This is a conservative estimate as it only includes revenue the company foresees from its existing three big hyperscaler customers. In fiscal 2024, Broadcom's AI revenue was $12.2 billion. So, the CEO's projection equates to an AI product revenue compound annual growth rate (CAGR) of at least 70% to 95%. ...

How has artificial intelligence impacted Broadcom's revenue?

In its semiconductor solutions group, which includes the company's artificial intelligence chips, revenue increased 12% to $8.23 billion from $8.03 billion a year ago. Broadcom is seeing soaring demand from the boom in generative AI infrastructure. For the year, the company said AI revenue jumped 220% to $12.2 billion. ...

Why is Broadcom soaring demand for Artificial Intelligence?

Broadcom is seeing soaring demand from the boom in generative AI infrastructure. The chipmaker said artificial intelligence revenue increased 220% for the year to $12.2 billion. Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. ...

What does Broadcom's recent earnings report tell us about AI?

Broadcom's recent earnings report serves as a powerful indicator of the ongoing AI revolution in the tech industry. The company's success in leveraging AI technologies to drive significant growth reflects the broader trend of AI becoming an increasingly critical component of business strategies across our economy. ...

How much revenue did Broadcom make in a year?

Revenue rose to nearly US$14.1 billion in the period, which ended Nov. 3. Analysts had estimated US$1.39 a share in earnings and revenue of US$14.1 billion on average, according to data compiled by Bloomberg. Data center providers rely on Broadcom’s custom-chip design and networking semiconductors to build their AI systems. ...

Should you buy Broadcom stock this year?

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 US$10 billion in annual revenue from that market, outpacing other parts of its business. Ultimately, the number reached US$12.2 billion in the last fiscal year. ...