Broadcom shares jumped 9% Thursday postmarket after the company reported a surge in first-quarter revenue. The company’s revenue grew 25% from the prior year to $14.9 billion during the first quarter.
Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis. Those sales are reported as part of Broadcom's semiconductor solutions ...
Broadcom beat estimates for its fiscal first quarter and forecast sales above views for the current period. AVGO stock rose.
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