Sentiment: Negative
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Broadcom (AVGO) Stock Rallies 5% As CEO Makes the Case AI Demand Is Just Getting Started
By Trader Edge at 2026-03-05 15:33
Sentiment: Negative
TLDR Broadcom’s Q1 AI revenue more than doubled to $8.4 billion, driven by custom AI accelerators and networking chips. CEO Hock Tan projected AI chip revenue “in excess of $100 billion” by 2027. Q1 adjusted EPS came in at $2.05, beating estimates of $2.03; revenue of $19.31 billion topped forecasts. Broadcom guided Q2 revenue to [...] The post Broadcom (AVGO) Stock Rallies 5% As CEO Makes the Case AI Demand Is Just Getting Started appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central