Broadcom stock rises on AI-powered beat, but VMware-led software growth slows sharply

Broadcom stock rises on AI-powered beat, but VMware-led software growth slows sharply

・Broadcom reported a mere 1% growth in its infrastructure software segment, sharply lower than recent quarters. ・Broadcom posted strong overall results and issued an upbeat forecast, which lifted its shares in the after-market session. ・Management argued that AI demand would, in fact, boost demand for software required to tie up and run components …