Broadcom forecasts upbeat quarterly revenue on strong AI chip demand
Broadcom on Thursday projected first-quarter revenue above Wall Street estimates, betting that sustained, robust demand for its specialized artificial intelligence chips would power another year of growth and help quell investor worries of a spending slowdown. Shares of the Palo Alto, California-based company rose 2.8% in extended trading. Broadcom has emerged as a major beneficiary of the technology industry's rush to build out AI capabilities.
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