Broadcom jumps as upbeat forecast quells AI chip demand worries
Broadcom's shares soared 12% in premarket trading on Friday as the chipmaker's strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell Technology's bleak outlook.
Broadcom Shares Jump as AI Growth Fuels Upbeat Forecast
During a conference call with analysts, Tan said Broadcom was ramping up production of AI chips for hyperscalers — a term that describes giant data center operators. He said the company’s custom semiconductors can be more effective in some cases than general-purpose accelerator chips, the kind of product sold by Nvidia Corp.
Broadcom's share price rose by as much as 14% in extended trading, after the firm reported healthy demand for its custom AI ...
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Broadcom's custom AI chips appeal to cloud companies as a cheaper option for high-volume AI work.
Broadcom shares rose after the chip maker said quarterly revenue jumped. Artificial-intelligence revenue jumped 77% from a ...
Hock Tan on Broadcom earnings $4 billion AI sales, chips, VMware and VCF, cloud hyperscalers, software infrastructure and ...
Broadcom (AVGO) shares jump in extended-hours trading after the chipmaker reported first quarter results that beat on top and bottom lines, driven by artificial intelligence (AI) chip sales.
Revenue from the company’s custom AI chips is soaring, with more potential customers in the pipeline.
"While unwelcome, volatility is common in semi stocks and does not always presage a fundamental shift," Bank of America said.
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