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Broadcom Hikes AI Revenue Targets as Earnings Top Forecasts

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The Story

News Summary

  • Broadcom faced selling pressure despite reporting better-than-expected revenue and earnings.
  • CEO Hock Tan significantly upgraded long-term guidance, forecasting fiscal 2027 AI revenue of $115 billion and doubling that by fiscal 2028, supported by key partnerships including AI startup Anthropic.
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AVGO price history

361.99 -3.69% over the displayed period

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