Reported about 20 hours ago
Broadcom reported second quarter adjusted earnings of $1.58 per share, slightly beating the estimate of $1.56, with revenues reaching $15.0 billion. The company's revenue outlook for the third quarter includes an anticipated growth in AI semiconductor revenue to $5.1 billion, exceeding analysts' expectations. Following a strong performance, Broadcom remains a key player in the AI chip market, supported by consistent investment from major partners.
Source: YAHOO