European Shares Seen Up In Cautious Trade As Broadcom Raises AI Chip Forecast
Tech shares were set to lead gains after Broadcom topped Wall Street estimates and forecast stronger artificial intelligence chip sales.
- Broadcom beat Wall Street expectations in its fiscal third quarter, predicting a boom in artificial intelligence chip sales over the next two years.
- Europe stocks may open higher on Thursday as investors focus on tech shares following the strong Broadcom results and positive sector sentiment.
- Aon will Acquire USI Insurance Services From KKR For $17 Bln Cash, while companies also Acquire Kelvion For $3.4 Bln to expand data center capacity.
- Tim Cook Ends Tenure as Apple CEO in August, while WPP Reportedly Plans Up To 1,000 More Job Cuts across its operations.
- Global markets remain focused on business morale in Germany and South Korea's interest rate announcement, alongside Consumer prices data shaping economic outlook.
19 Articles
19 Articles
The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
Broadcom beat earnings estimates and raised AI chip guidance, projecting $115 billion in FY2027 and $230 billion in FY2028 AI semiconductor sales as Anthropic and OpenAI grow as XPU customers.
Watch Broadcom Forecasts Boom in AI Chip Sales as It Looks to Challenge Nvidia
Broadcom predicted a surge in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia’s dominance in the lucrative market. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. Bloomberg Intelligence analyst Matt Bloxham has the details.
European Shares Seen Up In Cautious Trade As Broadcom Raises AI Chip Forecast
European stocks may open higher on Thursday, with tech shares likely to be in focus after Broadcom beat Wall Street's expectations in its fiscal third quarter and predicted a boom in artificial intelligence chip sales over the next two years.
Broadcom plans to double its revenues by AI chips two years in a row, with Meta and OpenAI gaining weight against Google, and challenges Nvidia. The entry Broadcom AI chips: plans to double its sales two years in a row and challenges Nvidia aparece primero en Merca2.
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