AVGO241213P200000
- 20.23
- +1.64+8.82%
Broadcom Newsroom
Broadcom's Stock Soars as Earnings Show Just How Much AI Has Helped the Business
Broadcom Inc. Reports Strong Q4 and Fiscal 2024 Results
Costco, Broadcom, Celsius Holdings, Meta Platforms, Tesla: Why These 5 Stocks Are On Investors' Radars Today
CNBC Daily Open: Inflation's Hot, but so Are Markets This Year
Broadcom's Projections Show More Evidence of the AI Boom Expanding Beyond Nvidia
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.
Broadcom Results, Costco Earnings: Market Domination Overtime
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Broadcom Shares Pop, but Is the AI Chip Stock Overvalued?
Broadcom's Q4 profit exceeded expectations, with AI revenue doubling and soaring by 220% for the entire fiscal year, rising 15% in after-hours trading | Earnings Reports insights.
AI demand drives Broadcom's strong profits, with revenue and next quarter guidance generally meeting expectations. In the fiscal year 2024, total revenue, profits, and Semiconductors revenue all reach new highs. The CEO is Bullish about the huge demand for custom AI Chips in the coming years. Earlier reports indicated that Apple is close to replacing Broadcom's supply with its self-developed wireless chips for iPhone and home devices, causing Broadcom's after-hours gains to narrow at one point.
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Broadcom Earnings Show Just How Much AI Has Helped Its Business in the Past Year
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.