Broadcom stock hits record high on positive guidance, CEO comments
) hit a record high in aftermarket trade on Thursday evening after the company forecast stronger-than-expected revenue for the current quarter.
Broadcom surged more than 15% to hit an indicated record high of over $207. Gains in the stock spilled over into other chipmakers, with NVIDIA Corporation (NASDAQ: A bulk of Broadcom’s gains came after CEO Tan flagged increasing revenues from the AI industry. Tan said the company expects a $15 billion to $20 billion market for its AI accelerators in 2025.
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