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 ( AVGO 24.43%). 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.
Chip maker and enterprise software player Broadcom announced its financial results for the final quarter of its fiscal 2024 ...
These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to ...
The stock rose 24% to $224.80 in New York on Friday, its biggest one-day rally since August 2009 — the month when precursor ...
Broadcom Inc, a chip supplier for Apple Inc and other big tech companies, surged to a US$1 trillion market valuation for 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.
Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the ...
Broadcom stock surges after CEO Hock Tan says the company’s artificial-intelligence opportunity over the next three years is ...
Broadcom stock soared Friday after the company touted its “massive” opportunity in the AI market during a quarterly earnings ...
Bernstein analysts wrote in a Friday note that Tan might look good in a leather jacket, a nod to Nvidia CEO Jensen Huang's ...
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