The Story
News Summary
- Broadcom shares rose nearly 3% following projections that AI chip revenue will more than double by fiscal 2027.
- Second-quarter revenue surged 48% to $22.2 billion, with net income jumping 88%, as custom AI processors now generate over 60% of total revenue alongside profit margins above 40%.
Explore AVGO price history & advisor snapshot
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Stored market data
AVGO price history
361.99
-3.69% over the displayed period
Advisor Snapshot
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