Broadcom’s artificial intelligence business is at the center of the company’s recent boom.
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Broadcom
reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period.
Here’s how the chipmaker did versus LSEG consensus estimates:
Broadcom said it expects about $15.8 billion in third-quarter revenue, versus $15.7 billion expected by Wall Street analysts. Revenue in the latest quarter rose 20% on an annual basis.
Broadcom has been one of the biggest winners in the AI boom and investor expectations are growing.
Broadcom stock is at all-time highs and has climbed 75% so far in 2025.
Broadcom's AI revenue forecast surpassed many bullish expectations from Wall Street analysts.
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Broadcom's fiscal third-quarter report is being well-received by Wall Street analysts, several of whom lifted their price targets…
