Reported 2 days ago
Broadcom Inc. (AVGO) reached an all-time high after reporting impressive earnings and securing a $10 billion deal with a major AI firm, likely OpenAI. The company posted a net income of $4.14 billion and a 22% revenue increase to $15.95 billion year-over-year, with AI revenues soaring by 63% to $5.2 billion. Shares rose by 16.4% during trading, closing up 9.41%. Investors can expect a quarterly dividend of $0.59 on September 30, 2025.
Source: YAHOO