Broadcom shares surge

Broadcom shares surge as solid forecast eases demand worries for AI chips
By Zaheer Kachwala and Max A. Cherney (Reuters) -Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.
Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning. Broadcom’s stock surged more than 12% after-hours.
Broadcom shares surge on strong revenue and AI outlook
Broadcom shares surged in after-hours trading on Thursday as the chip designer announced better than expected revenue and a confident outlook around artificial intelligence.
Broadcom forecasts strong second quarter on upbeat AI chip demand
Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies processing big data, sending its shares up more than nearly 9% after the bell on Thursday.
Broadcom rallies after AI fuels stronger-than-expected forecast
BROADCOM, a chip supplier for Apple and other big tech companies, jumped in late trading after an upbeat forecast assured investors that spending on artificial intelligence computing remains healthy.
Broadcom’s stock pops as upbeat outlook soothes AI investors
It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
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