Broadcom, a chipmaker, exceeded analysts' expectations but saw a stock decline due to lower guidance. The company anticipates $10 billion in AI chip sales in 2024, with CEO Hock Tan highlighting a 4x YoY increase in AI revenue to $2.3 billion in Q1. Despite positive AI prospects, Broadcom faces challenges in other chip market segments, impacting recent results and stock performance.
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Analysts update Costco stock price targets after earnings https://t.co/O3agTMlspY
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The role of silicon in @Broadcom’s network-centric AI capabilities 🤖 Chipmaking giant Broadcom Inc. topped Wall Street’s estimates for its fiscal first-quarter sales yesterday, benefiting from cloud infrastructure providers upgrading their data centers to support artificial…
One of the best run companies on the planet, @Broadcom delivers on the top and bottom in Q1. Figures of ~20-30% of DC Compute BoM will be for networking bodes well for Broadcom and its agnostic to architecture as networking of AI across compute platforms will be needed. $AVGO https://t.co/xQ4aNCFcOy
Analysts reveal new Broadcom price targets after mixed earnings https://t.co/wfWLeBgP7J
$DOCU (+9.9% pre) DocuSign (DOCU) Surpasses Q4 Earnings and Revenue Estimates - Zacks https://t.co/bLTCjBsY5K
Heard on the Street: Broadcom and Marvell shares have surged on AI hype. But both still have to contend with weaker parts of the chip market, which splashed some cold water on their recent results. https://t.co/X4jXXScWyk? https://t.co/X4jXXScWyk?
Broadcom Stock Falls. Here’s What the Market Is Missing. https://t.co/vaXbZKus0e
Broadcom earnings spotlight tech’s growing AI ‘dichotomy’ https://t.co/ja57BMwLo5
Broadcom expects $10B in revenue from AI-related chips in 2024, as CEO Hock Tan says AI revenue, up 4x YoY to $2.3B in Q1, offset cyclical business slowdown (Reuters) https://t.co/EBcyrHzMpQ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/UiA6GFPYx6
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Broadcom sees $10-billion in AI chip sales in 2024, but shares dip https://t.co/sv5QgKQz20
Broadcom beats analysts’ targets, but its stock cools on lower guidance https://t.co/Y6JAiHsjTK