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.
Shares of Broadcom soared on Friday, launching the chipmaker into the small club of public companies worth more than $1 ...
Broadcom stock surges after CEO Hock Tan says the company’s artificial-intelligence opportunity over the next three years is ...
Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom ...
Broadcom Inc., has reached a $1 trillion market valuation for the first time, fueled by surging demand for its AI chips.
Broadcom's (AVGO) quarterly results may have topped estimates, but its guidance of up to $90B in revenue from custom AI chips ...
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