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Broadcom Beats Q3 Targets as AI Semiconductor Revenue Surges 221%

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

News Summary

  • Broadcom beat Q3 earnings and revenue estimates, driven by a 221% surge in AI semiconductor revenue to $16.7 billion.
  • The company provided robust Q4 revenue guidance of $34.8 billion, projecting continued triple-digit growth in AI chips.
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