Broadcom's shares soared 12% in premarket trading on Friday as the chipmaker's strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell Technology's bleak outlook.

The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.

Revenue from the company’s custom AI chips is soaring, with more potential customers in the pipeline.

Broadcom remains resilient despite market challenges, driven by strong AI prospects. Learn why AVGO stock is a buy amid recent market dislocation.

Hock Tan on Broadcom earnings $4 billion AI sales, chips, VMware and VCF, cloud hyperscalers, software infrastructure and semiconductor tariff impact.

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Stephanie Link, CIO at Hightower, said in a latest program on CNBC that she likes Broadcom Inc (NASDAQ:AVGO) for the long term and started piling into the stock.

Broadcom's AI revenue growth, financial strength, and valuation at $202/share highlight its investment potential. Read more on AVGO stock here.

Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably dominant – share of AI inference.