Broadcom boosts revenue forecast from AI chips, unveils stock split

Jun 12, 2024 · (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 12, 2024 · (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take …

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Why Stock-Split And Artificial Intelligence (AI) Stock Broadcom …

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Dec 13, 2024 · Management clearly expects this strong demand to continue and is forecasting AI revenue of $60 billion to $90 billion by fiscal 2027. That works out to growth of between 391% …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 13, 2024 · The company expects $11 billion in revenue from AI-linked chips in 2024, up from its previous forecast of $10 billion. Broadcom manufactures advanced networking chips that …

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Chipmaker Broadcom Raises Annual Revenue Forecast, Unveils Stock …

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Broadcom's shares have rallied more than 30% so far this year, after almost doubling in 2023, as investors bet heavily on chip stocks, anticipating towering gains at the back of generative AI ...

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 12, 2024 · Broadcom recorded revenue of $3.1 billion from AI products during the second quarter. The company, which has seen its stock rally more than 30% so far this year, after …

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

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Jun 13, 2024 · 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 …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 16, 2024 · By Arsheeya Bajwa (Reuters) – Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 28, 2024 · By Arsheeya Bajwa (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock Split

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Jun 12, 2024 · Broadcom AVGO raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take …

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Broadcom Inc. Announces Fourth Quarter And Fiscal Year 2024 …

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Dec 12, 2024 · "Broadcom's fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 billion, as infrastructure software revenue grew to $21.5 billion, on the successful integration of …

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Broadcom Boosts Revenue Forecast From AI Chips, Unveils Stock …

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Dec 24, 2024 · The company expects $11 billion in revenue from AI-linked chips in 2024, up from its previous forecast of $10 billion. Broadcom manufactures advanced networking chips that …

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Broadcom Value Jumps Over $1tn On AI Optimism | Silicon UK

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2 days ago · Broadcom stock price surges 24 percent after company predicts 'massive' opportunity from custom AI chips for large customers ... would deploy 1 million clusters of …

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Broadcom's AI Boom: Citi Sets $220 Target As Revenue And Dividen

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2 days ago · Looking forward, Broadcom is brimming with confidence, forecasting a 22% revenue jump in Q1 FY25 to $14.6 billion. Citi remains bullish, slapping a Buy rating and a $220 price …

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Broadcom Is Suddenly Worth $1 Trillion. What This Means For …

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Dec 18, 2024 · Designers of custom AI chips, chief among them Broadcom and Marvell, are headed into a growth phase, Morgan Stanley says.. Custom chips are picking up speed. The …

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FAQs about Broadcom boosts revenue forecast from AI chips, unveils stock split Coupon?

Why did Broadcom split its stock?

(Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of a rally in its shares this year. The company expects $11 billion in revenue from AI-linked chips in 2024, up from its previous forecast of $10 billion. ...

Why did Broadcom raise its annual revenue forecast?

(Reuters) - Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. ...

How much will Broadcom's AI revenue grow in fiscal 2024?

That works out to growth of between 391% and 638% over the coming three years, compared to $12.2 billion in AI revenue in fiscal 2024. This could well be conservative, as Broadcom announced the addition of two new hyperscale customers (not included in its forecast), which could propel growth even higher. ...

What does Broadcom do with AI?

Broadcom manufactures advanced networking chips that help move around vast amounts of data used by AI applications such as OpenAI's ChatGPT, making it one of the beneficiaries of businesses heavily investing in the boom. Broadcom recorded revenue of $3.1 billion from AI products during the second quarter. ...

Why have Broadcom's shares rallied more than 30% this year?

Broadcom's shares have rallied more than 30% so far this year, after almost doubling in 2023, as investors bet heavily on chip stocks, anticipating towering gains at the back of generative AI technology. ...

Why was Broadcom's stock up 215%?

As of 10:35 a.m. ET, the stock was still up 21.5%. The catalyst that sent the artificial intelligence (AI) specialist higher was Broadcom's strong financial results, fueled by robust demand for AI. For its fiscal 2024 fourth quarter (ended Nov. 3), Broadcom generated revenue that surged 51% year over year to $14 billion. ...