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Broadcom Surges on Strong AI Revenue Growth and Nvidia Guidance

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The Story

News Summary

  • Broadcom shares jumped roughly 3.8% following Nvidia's bullish 70% growth projection, underscoring resilient AI infrastructure demand.
  • Broadcom posted $10.8 billion in fiscal Q2 AI semiconductor revenue, up 143%, with Q3 expectations at $16 billion, representing 54% of its projected total revenue despite elevated valuation levels.
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