Broadcom shares soar 9% as earnings top estimates on demand for custom AI chips

Broadcom Stock Pops as Earnings and Outlook Beat Expectations on Strong Demand for Custom Artificial Intelligence (AI) Chips @themotleyfool #stocks $AVGO

Broadcom shares jump as AI growth fuels upbeat forecast

By Ian King | Bloomberg Broadcom Inc. shares jumped after the chip supplier for Apple Inc. and other big tech companies gave an upbeat forecast, reassuring investors that spending on artificial intelligence computing remains healthy. Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 billion on average, with some projections surpassing $15.1 billion. The r…

Broadcom Rallies As Chipmaker Shows AI Demand Remains Healthy

Broadcom provided welcome news to investors concerned that the buildout of AI infrastructure had run out of steam. The post Broadcom Rallies As Chipmaker Shows AI Demand Remains Healthy appeared first on Investor's Business Daily.

Chinese scientists build world’s first AI chip made of carbon

Chinese researchers have developed a chip that it could be a game-changer in modern computing.

Broadcom shares pop as the U.S. chipmaker brings good news to the AI sector

Broadcom's share price rose by as much as 14% in extended trading, after the firm reported healthy demand for its custom AI chips.

Bulk of big Broadcom customers sign for VMware private cloud

Now working with seven hyperscalers for custom AI silicon. Not working on acquiring bits of Intel