Broadcom shares rallied after the company posted strong first-quarter earnings and guidance and signaled ongoing AI demand.

Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 billion on average, with some projections surpassing $15.1 billion.

Earnings Estimates, Driven by AI Boom and Strong Guidance. Posted: March 7, 2025 \. Broadcom surpassed first-quarter earnings expec

Broadcom's shares soared 12% in premarket trading on Friday as the semiconductor maker's strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell Technology's bleak outlook.

Broadcom shares are surging in premarket trading Friday after the chipmaker posted quarterly results and an outlook that topped analysts’ expectations on the back of robust demand for its artificial intelligence semiconductors.

Broadcom stock rallied after the company posted better-than-expected earnings. The strong results from the semiconductor maker could provide some relief to the beaten-down artificial-intelligence trade.