Broadcom Delivers Strong Earnings View as CEO Touts Growth with AI Labs

Broadcom delivers strong earnings view as CEO touts growth with AI labs

Broadcom issued optimistic guidance for the next fiscal year following strong earnings, citing expanding business with artificial intelligence labs and custom chip development partnerships.

Broadcom Tripled AI Chip Revenue and Wall Street Sold the Stock Anyway

Broadcom reported record Q3 revenue of $29.6 billion and AI chip revenue that tripled to $16.7 billion, plus a forecast of $230 billion in AI revenue by 2028. The stock still fell, as investors worried about a razor-thin beat, a 58x earnings multiple, and Google diversifying its custom chip orders to Marvell and MediaTek.