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Broadcom Posts Huge AI Revenue Beat But Muted Guidance Dampens Rally

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

News Summary

  • Broadcom reported strong Q3 earnings, led by a 221% surge in AI semiconductor sales, beating revenue and EPS estimates.
  • However, fourth-quarter revenue guidance came in slightly below Wall Street forecasts, tempering retail sentiment despite ambitious long-term AI growth targets and new VMware product rollouts.
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