Meet the Newest Artificial Intelligence (AI) Chip Stock to Join Nvidia in the $1 Trillion Club
The newest artificial intelligence chip stock in the $1 trillion club is Broadcom (NASDAQ: AVGO). The stock passed the milestone after a stellar fourth-quarter earnings report on Dec. 12. Here's how the company became a leading AI chipmaker worth 13 figures.
Broadcom became the eighth U.S. tech company to eclipse $1 trillion in market cap on Friday after the stock’s record gain.
These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to ...
Chip maker and enterprise software player Broadcom announced its financial results for the final quarter of its fiscal 2024 ...
Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the ...
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When Broadcom acquired VMware last year, the company aimed to generate adjusted EBITDA of $8.5 billion within three years.
Broadcom stock surges after CEO Hock Tan says the company’s artificial-intelligence opportunity over the next three years is ...
Broadcom Inc., has reached a $1 trillion market valuation for the first time, fueled by surging demand for its AI chips.
Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom ...
Broadcom stock soared Friday after the company touted its “massive” opportunity in the AI market during a quarterly earnings ...
Bernstein analysts wrote in a Friday note that Tan might look good in a leather jacket, a nod to Nvidia CEO Jensen Huang's ...
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