Broadcom Shares Soar as Strong Forecast Eases AI Chip Demand Worries
Broadcom’s CEO recently eased investor concerns about the demand for AI chips, revealing a strong second-quarter forecast that sent its shares surging 14% in extended trading. The chipmaker expects to generate $14.90 billion in revenue this quarter, beating estimates of $14.76 billion. Broadcom is seeing high demand for its custom AI chips from cloud computing … Read more