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Broadcom Surges on Massive $230B AI Chip Outlook and Robust Q3 Beats

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom raised its multi-year AI revenue forecast, projecting $115 billion by fiscal 2027 and $230 billion in 2028.
  • Despite a slightly soft Q4 revenue outlook, strong Q3 earnings beat and surging custom chip bookings from major hyperscalers reinforce solid growth momentum.
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