Broadcom News

Broadcom's Spectacular Surge: A 10% Rise Amidst Strong AI Prospects

Broadcom Inc. shares rose 9.98% to $247.2299 apiece, reflecting investor optimism fueled by strong AI prospects and recent earnings. The company's market capitalization now stands ...

Broadcom Soars to Unprecedented $1T Valuation on AI Chip Optimism

Broadcom Inc. saw a 20% stock surge, pushing its market capitalization to $1.024 trillion, driven by optimistic forecasts for custom AI chips and agreements with major hyperscale c...

Broadcom's Surge: AI Chip Demand Propels Market Value Towards $1 Trillion

Broadcom's shares surged 14% as the company forecasted rising demand for its custom AI chips, moving closer to a $1 trillion market value. The chipmaker's revenue forecast for the ...

Broadcom Achieves Record Revenue in Q4 2024, Driven by AI and Semiconductor Growth

Broadcom Inc. reported a 51% increase in Q4 2024 revenue to $14 billion, driven by AI and semiconductor growth. Net income rose 23% to $4.3 billion, and diluted earnings per share ...

Broadcom Anticipates Strong Q1 Revenue Surge Driven by AI Chip Demand

Broadcom forecasts Q1 revenue above estimates, driven by strong demand for AI chips and networking gear. Shares rose 3% in extended trading, reflecting a year-to-date gain of 60%. ...