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Broadcom (AVGO) Soars on Strong Q4 AI Chip Forecast, Puts Pressure on Nvidia (NVDA) | Reuters | Login to see the signal | |
Broadcom forecasts upbeat fourth-quarter revenue as AI chip demand soarsSummaryBroadcom raised Q4 revenue guidance above estimates, driven by strong demand for custom AI chips and 63% AI revenue growth, positioning its accelerators as a lower‑cost alternative to Nvidia processors. |
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