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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...
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Broadcom's stock price achieved its largest increase since 2020, and its Market Cap first exceeded the 1 trillion dollar mark.
After Broadcom, which supplies chips to Apple and other large Technology companies, anticipated a significant increase in demand for its AI chips, its stock price surged, and its Market Cap surpassed 1 trillion dollars for the first time. The company stated in its Earnings Reports conference call that sales of AI products will grow by 65% in the first fiscal quarter, much higher than the overall growth rate of about 10% for its Semiconductors. This chip manufacturer also predicted that by the fiscal year 2027, the potential market space for its AI components designed for Datacenter Operators could reach 90 billion dollars. Similar to NVIDIA, Broadcom also positions itself as a major beneficiary of the AI spending frenzy.
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