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.
Revenue from the company’s custom AI chips is soaring, with more potential customers in the pipeline.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
Hock Tan on Broadcom earnings $4 billion AI sales, chips, VMware and VCF, cloud hyperscalers, software infrastructure and ...
It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
1don MSN
The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.
AVGO analysts highlight AI growth, recovery of non-AI segments, and new XPU customers. Expect continued strength in AI ...
Broadcom Inc. are the No. 1 and No. 2 AI plays in tech. Since peaking in mid-December of last year, Broadcom shares have been under pressure, down on sympathy with other semiconductor stocks and the ...
Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably ...
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback