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Broadcom's Market Cap has surpassed 1 trillion dollars for the first time, with strong sales in AI products.
Broadcom, which supplies chips to Apple and other large Technology companies, saw its stock price soar after predicting a significant increase in demand for its AI chips, with its Market Cap surpassing 1 trillion dollars for the first time. During a conference call following the Earnings Reports, the company stated that sales of AI products in the first fiscal quarter are expected to grow by 65%, far exceeding its overall Semiconductors growth rate of about 10%. This chip manufacturer also predicted that by the 2027 fiscal year, the potential market space for AI components designed for Datacenter operators could reach up to 90 billion dollars. Like NVIDIA, Broadcom positions itself as a major beneficiary of the AI spending spree. The company's CEO stated...
After the iPhone, Apple has manufactured AirPods in India for the first time.
Apple's supplier, Foxconn Technology Group, will be responsible for the project at the new factory near Hyderabad in Telangana. The factory has begun trial production and is expected to go into full production in the first quarter of next year.
Express News | Trump to Have Dinner With Apple CEO Tim Cook on Friday -New York Times
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