Chipmaker Broadcom has raised its annual revenue forecast, leading to a surge in its stock price by over 13%. The company's positive outlook is driven by strong demand for AI chips and networking equipment, with a stock split also announced.
BROADCOM SHARES RISE 13% AFTER CO RAISES ANNUAL AI-LINKED CHIP REVENUE FORECAST, ANNOUNCES STOCK SPLIT
🔵 BROADCOM SOARS AS DEMAND FOR AI CHIPS POWER FORECAST RAISE Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the… https://t.co/MwJxtXFXQ3
Blistering demand for AI drives a beat and raise for chipmaker Broadcom 🚀 Embrace the future of technology with us! #AI #TechExcellence @CNBC https://t.co/iFtmZnYdTu
Broadcom's AI drive fuels surge in shares! 🚀 Exciting to see AI products leading the growth. Get the full scoop on this tech wave 🌊 #AI #TechTrends @Broadcom What do you think about the future of AI? 💭 https://t.co/NTt0UTAKNE
Broadcom’s stock rises on strong AI chip sales and improved annual sales forecast https://t.co/sUfPTAV5KD
Chipmaker Broadcom raises annual revenue forecast, unveils stock split https://t.co/clQu6TgGfr https://t.co/EDpZwh2FF6
Broadcom, a chip supplier for Apple and other big tech companies, rallied in late trading after its latest results and annual forecast topped estimates, lifted by robust demand for AI products. https://t.co/RbTCsTx6k5
🔵 CHIPMAKER BROADCOM RAISES ANNUAL REVENUE FORECAST Full Story → https://t.co/8N3iptryaY Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial… https://t.co/NKBiIl26rF