Wall Street analysts rerated Broadcom Inc (NASDAQ: AVGO) after it reported second-quarter financial results on Thursday. The company reported second-quarter revenue of $15 billion, up 20%, beating analyst estimates of $14.99 billion, driven by continued momentum in AI semiconductor solutions and VMware.
The semiconductor company reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56.
The second-quarter AI revenue grew 46% to…
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https://finance.yahoo.com/news/broadcom-gets-mixed-reactions-modest-201503646.html
