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Broadcom Tops Q3 Estimates on 221% AI Revenue Surge Despite Soft Guidance

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

News Summary

  • Broadcom beat Q3 expectations fueled by a 221% surge in AI semiconductor revenue to $16.7 billion, though cautious Q4 guidance tempered market gains.
  • The broader market recap also highlighted Dell's strong earnings beat and a sharp drop in Lululemon shares.
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