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Broadcom (AVGO) Soars on AI Guidance, Targets $100B Revenue by 2027

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Broadcom delivered blowout Q2 results with 143% AI semiconductor growth and guided Q3 AI revenue to $16B.
  • Management projects $100B+ AI revenue by FY2027 with visibility into 2028, reinforcing its near-monopoly in AI networking hardware.
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AVGO price history

361.99 -3.69% over the displayed period

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