Broadcom's Stock Soars as Earnings Show Just How Much AI Has Helped the Business
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Broadcom Inc. Reports Strong Q4 and Fiscal 2024 Results
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Express News | Broadcom shares soared after the company reported a 220% rise in AI revenue and profits that exceeded expectations.
Another victory! Following the 5G chip, it is reported that Apple (AAPL.US) will launch its self-developed Bluetooth + Wi-Fi chip in 2025.
Apple plans to start using self-developed Bluetooth and Wi-Fi combination chips from 2025. This move aims to enhance device performance and energy efficiency while reducing dependence on Broadcom.
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.
US Stock Futures Steady As Broadcom Rallies On AI-Driven Outlook
Broadcom Inc. (AVGO) Q4 2024 Earnings Call Transcript
Broadcom Stock Hits Record High on Positive Guidance, CEO Comments
Driven by strong demand for AI, Broadcom (AVGO.US) exceeded earnings expectations in Q4 and is expected to have significant opportunities in the next three years.
Broadcom announced its earnings for the fourth quarter of fiscal year 2024.
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