Broadcom delivers upbeat guidance as AI-related revenue soars
Investing.com - Broadcom on Thursday delivered upbeat revenue guidance for the current quarter amid surging AI-revenue, though the chipmaker reported mixed Q4 results as revenue fell just short of estimates.earnings per share of $1.42 on revenue of $14.05 billion. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $14.07 billion.
For 2024, semiconductor revenue was a"record $30.1 billion driven by AI revenue of $12.2 billion," the company said."AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio," it added.Scan QR code to install app
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broadcom launches world’s first 3.5D F2F tech to meet soaring GenAI chip demandBroadcom has unveiled its 3.5D XDSiP platform, revolutionizing AI accelerator technology with advanced silicon integration for XPUs.
Read more »
Cramer's week ahead: Inflation data and earnings from Oracle, Broadcom and GameStopCNBC's Jim Cramer on Friday walked investors through next week's Wall Street action.
Read more »
Here are 4 things we’re watching in the stock market in the week aheadInflation data and earnings from Costco and Broadcom will be front and center.
Read more »
Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & moreHere are Monday's biggest calls on Wall Street.
Read more »
What's behind AI stock Broadcom's slide — plus, 3 more names we're watchingEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Read more »
Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Tesla, Broadcom, Micron, Alphabet, Boeing, Reddit & moreHere are the biggest calls on Wall Street on Wednesday.
Read more »