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Broadcom Surges on Blockbuster Q3 AI Revenue Growth and Stellar Q4 Outlook

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The Story

News Summary

  • Broadcom delivered blockbuster Q3 results with revenue surging 86% year-over-year to $29.6 billion, powered by a 221% jump in AI semiconductor sales.
  • The company issued strong Q4 revenue guidance of $34.8 billion, projecting continued acceleration in custom AI accelerator and networking demand.
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AVGO price history

361.99 -3.69% over the displayed period

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