Reported 2 days ago
Broadcom's CEO has reassured investors by providing a robust forecast for the second quarter, driven by increasing demand for AI chips, particularly from cloud computing firms seeking alternatives to Nvidia's processors. The company anticipates revenues of approximately $14.90 billion, surpassing market estimates, with AI semiconductor revenue expected to reach $4.4 billion. This comes as Broadcom attracts new customers aiming to develop custom chips, further diversifying its position in the competitive AI market.
Source: YAHOO