Broadcom Inc‘s AVGO stock is trading higher Thursday, coinciding with Nvidia Corp’s NVDA upbeat quarterly results.
Nvidia reported first-quarter revenue of $44.1 billion, up 69% year-over-year and 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion.
Excluding the charges related to restrictions on chip sales to China, Nvidia said adjusted earnings would have been 96 cents per share.
Nvidia is guiding second-quarter revenue of $45 billion, +/- 2%.
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https://www.benzinga.com/tech/25/05/45673288/when-nvidia-wins-broadcom-climbs-ai-boom-sends-chip-stocks-soaring
