Broadcom is seeing soaring demand from the boom in generative AI infrastructure. For the year, the company said AI revenue jumped 220% to $12.2 billion. Some of that growth is fro

For the full fiscal year 2024, Broadcom revenue jumped 44% from a year ago, to $51.57 billion in revenue, up 44%, though net income came to $5.89 billion, down from the $14.08 billion profit it recorded a year earlier.

Broadcom reported better-than-expected fourth-quarter earnings on Thursday, though revenue came in a little light. Broadcom is seeing soaring demand from the boom in generative AI infrastructure. The chipmaker said artificial intelligence revenue increased 220% for the year to $12.

Broadcom is seeing soaring demand from the boom in generative AI infrastructure. For the year, the company said AI revenue jumped 220% to $12.2 billion. Some of that growth is fro