Broadcom shares rise 13% on profit beat, ‘massive' opportunity in AI

Dec 12, 2024 · Broadcom shares rise 13% on profit beat, ‘massive' opportunity in AI By Kif Leswing,CNBC • Published December 12, 2024 • Updated on December 18, 2024 at 11:07 am …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive' Opportunity In AI

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Dec 12, 2024 · Broadcom shares rise 13% on profit beat, ‘massive' opportunity in AI By Kif Leswing,CNBC • Published December 12, 2024 • Updated on December 18, 2024 at 11:07 am …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive’ Opportunity In AI

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Dec 12, 2024 · Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for …

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Artificial Intelligence Demand Boosts Broadcom To Trillion

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Dec 19, 2024 · 1 Marketwatch, “Broadcom can have its own ‘Nvidia moment’ as stock swells further,” December 2024. 2 CNBC, “Broadcom shares rise 13% on profit beat, ‘massive’ …

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Broadcom Shares Surge As It Adds More Custom AI Chip …

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Dec 17, 2024 · Broadband revenue plunged 51% to $465 million, but Broadcom thinks this area has now bottomed, as it saw some big orders in the quarter. Industrial sales, which sank 27%, …

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Broadcom Stock Climbs 13%: The AI Boom Investors Can’t Ignore

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Dec 13, 2024 · For Q4 2024, Broadcom’s revenue reached $14.1 billion, marking a 51% increase year-over-year from $9.3 billion. The company reported an operating profit of $8.8 billion for …

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Broadcom Stock Closes Up 24%, Pushing Company Past $1 Trillion …

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Dec 13, 2024 · Shares of Broadcom closed up more than 24% Friday, pushing the company's market cap beyond $1 trillion for the first time. For the year, the company said artificial …

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Broadcom Shares Rise 13% On Profit Beat, 'massive' Opportunity In AI

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Broadcom shares rise 13% on profit beat, 'massive' opportunity in AI: Summary Broadcom reported strong Q4 earnings, with AI revenue tripling to $12.2 billion for the year, fueling a 13% …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive’ Opportunity In AI

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Dec 13, 2024 · Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI. ... Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive' Opportunity In AI

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Broadcom reported better-than-expected fourth-quarter earnings on Thursday, though revenue came in a little light. Broadcom is seeing soaring demand from the boom in generative AI …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive’ Opportunity In AI

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Dec 12, 2024 · Here’s how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: Earnings per share: $1.42, adjusted vs. $1.38 expected; Revenue: $14.05 …

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Broadcom Stock Jumps On Surging AI Chip Sales. CEO Sees …

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Broadcom shares are up 62% this year as of Thursday’s close, compared with the 13% rise for the iShares Semiconductor sector ETF. Write to Tae Kim at [email protected] CEO Sees …

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Broadcom Shares Rise 13% On Profit Beat, ‘massive’ Opportunity In AI

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Dec 12, 2024 · The chipmaker’s stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. The shares were up 13% in …

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Broadcom Stock Soars On Massive AI Chip Opportunity

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Dec 13, 2024 · Broadcom Stock Soars On Massive AI Chip Opportunity ... Broadcom earned an adjusted $1.42 a share, up 28% year over year, on sales of $14.05 billion, up 51%, in the …

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Broadcom Shares Rise 13% On Profit Beat, 'massive' Opportunity In …

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Dec 12, 2024 · Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI ... News Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI. admin December 12, …

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Broadcom Joins The $1 Trillion Club: Is This Growth Stock A Buy …

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Dec 18, 2024 · After reporting its fiscal 2024 fourth-quarter (ended Nov. 3) results on Dec. 12, Broadcom (AVGO 1.13%) surged by 24.4% on Dec. 13 to a new all-time high and a market …

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Broadcom Valuation Soars Past $1 Trillion On AI Sales Boom

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Dec 13, 2024 · (Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after predicting a boom in …

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Broadcom Shares Rise 13% On Profit Beat, 'massive' Opportunity In …

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Dec 12, 2024 · Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for …

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Broadcom: Turning The Mag 7 Into 8 Trillion-Dollar Tech Giants

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Dec 13, 2024 · The analysts' response to Broadcom’s results is solid, with more than one dozen tracked by MarketBeat raising their stock price target. All fresh targets are above $200, and …

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FAQs about Broadcom shares rise 13% on profit beat, ‘massive' opportunity in AI Coupon?

How big is Broadcom's AI revenue in 2024?

This is a conservative estimate as it only includes revenue the company foresees from its existing three big hyperscaler customers. In fiscal 2024, Broadcom's AI revenue was $12.2 billion. So, the CEO's projection equates to an AI product revenue compound annual growth rate (CAGR) of at least 70% to 95%. ...

Why is Broadcom soaring demand for Artificial Intelligence?

Broadcom is seeing soaring demand from the boom in generative AI infrastructure. The chipmaker said artificial intelligence revenue increased 220% for the year to $12.2 billion. Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. ...

Will Broadcom stock surge as it adds more custom AI chips?

Broadcom Shares Surge as It Adds More Custom AI Chip Customers. Can the Momentum in the Stock Continue? Broadcom just turned in solid, but not spectacular, fiscal fourth quarter results. However, investors were very excited about the AI opportunity the company laid out. ...

How much revenue did Broadcom make in a year?

Revenue rose to nearly $14.1 billion in the period, which ended Nov. 3. Analysts had estimated $1.39 a share in earnings and revenue of $14.1 billion on average, according to data compiled by Bloomberg. Data center providers rely on Broadcom’s custom-chip design and networking semiconductors to build their AI systems. ...

Why did Broadcom stock jump 13% in extended trading?

The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. The shares were up 13% in extended trading. Here's how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: ...

What is Broadcom's market opportunity for Artificial Intelligence chips?

On a conference call with analysts to discuss fiscal fourth-quarter results, Chief Executive Hock Tan said Broadcom's market opportunity for artificial intelligence chips and related connectivity chips could reach $60 billion to $90 billion in the fiscal year that ends in November 2027. ...