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Express News | Broadcom shares soared after the company reported a 220% rise in AI revenue and profits that exceeded expectations.
Options Market Statistics: Broadcom Stock Soars on 51% Q4 Revenue Surge; Options Pop
There are huge opportunities in the AI field! Broadcom's Earnings Reports brought unexpected surprises, with stock prices surging by 15% after hours.
① After the market closed on Thursday Eastern Time, Broadcom announced better-than-expected fourth quarter Earnings Reports, with the stock price soaring over 15% after hours. ② The CEO of Broadcom revealed that they are developing custom AI Chips with three large cloud customers, expecting each customer to deploy 1 million AI Chips by 2027. ③ Broadcom's AI revenue grew by 220% this year to 12.2 billion dollars, and it is anticipated that AI product revenue will increase by 65% year-on-year in the first quarter of fiscal year 2025.