Business
Broadcom Stock: Chipmaker Sees AI Revenue Ramping
Broadcom (AVGO) expects its artificial intelligence-related sales to double next year and again the following year. Broadcom gave that heady forecast after it delivered its fiscal third-quarter results late Wednesday. But Broadcom stock fell Thursday. The chipmaker and infrastructure software provider predicted AI sales in its current fiscal 2026 of $58 billion, above its prior guidance of $56 billion. For…
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