Broadcom not acquiring Intel’s chip design business, says CEO Hock Tan, with AI and VMware the focus, not Intel semiconductor buy.
Broadcom's growth rate may accelerate in the back half of eFY25 as higher volume XPU shipments come online. Check out the detailed analysis of AVGO stock.
Broadcom remains resilient despite market challenges, driven by strong AI prospects. Learn why AVGO stock is a buy amid recent market dislocation.
Broadcom shares rallied after the company posted strong first-quarter earnings and guidance and signaled ongoing AI demand.
Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.
Hock Tan on Broadcom earnings $4 billion AI sales, chips, VMware and VCF, cloud hyperscalers, software infrastructure and semiconductor tariff impact.
A key driver of this growth is the integration of VMware into Broadcom's infrastructure software business unit, which posted revenue of $6.7 billion in Q1 2025
Broadcom shares rose after the chip maker said quarterly revenue jumped. Artificial-intelligence revenue jumped 77% from a year earlier to $4.1 billion last quarter. Overall, revenue grew 25% to $14.9 billion,
Broadcom's custom AI chips appeal to cloud companies as a cheaper option for high-volume AI work.
Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably dominant – share of AI inference.
Shares of Broadcom ( AVGO 3.45%) were climbing today after the diversified chip stock posted better-than-expected results in its fiscal first-quarter earnings report. As of 10:19 a.m. ET, the stock was up 3.6% on the news.
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