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Broadcom Beats on Explosive AI Chip Growth as Market Shrugs

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom beat quarterly estimates with 221% AI chip sales growth and raised long-term forecasts, but shares saw a muted reaction.
  • The broader chip rally has stalled amid rising Treasury yields, while software stocks gained momentum.
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