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blockonomi 1 week ago

Broadcom Inc. (AVGO) Stock: Rises as Custom AI Silicon Fuels Massive Growth Outlook

TLDR Broadcom stock gains as custom AI silicon drives stronger revenue growth outlook. AI semiconductor revenue jumps 221% to $16.7 billion in Broadcom’s latest Q3. Broadcom projects $115 billion in AI semiconductor revenue for fiscal 2027. Strong free cash flow gives Broadcom more room to fund future AI expansion plans. William Blair keeps its Buy [...]

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Source: Source: Blockonomi