Broadcom shares jumped 9% Thursday postmarket after the company reported a surge in first-quarter revenue. The company’s revenue grew 25% from the prior year to $14.9 billion during the first quarter.
Broadcom beat estimates for its fiscal first quarter and forecast sales above views for the current period. AVGO stock rose.
Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis. Those sales are reported as part of Broadcom's semiconductor solutions ...
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It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
Broadcom stock rose after the company posted better-than-expected earnings late Thursday. For its fiscal first quarter ending ...
Broadcom reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Thursday.
A year after VMware ESXi servers faced ransomware attacks, new zero-day vulnerabilities are being exploited, posing risks to ...
Broadcom forecast second-quarter revenue above Wall Street expectations on Thursday, bolstered by strong demand for its ...
Reports Q1 revenue $14.92B, consensus $14.59B. “Broadcom’s (AVGO) record first quarter revenue and adjusted EBITDA were driven by both AI ...
Broadcom ( AVGO -5.61%) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was down 2% at the same point in the day's trading, and ...