Broadcom’s report gives the battered AI trade a much-needed win

vm_adminMarch 7, 2025

Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending. Revenue in Broadcom’s fiscal 2025 first quarter increased 25% year over year to $14.92 billion, beating the consensus forecast of $14.61 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 45% from the year-ago period to $1.60,…

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https://www.cnbc.com/2025/03/06/broadcom-q1-earnings-give-the-battered-ai-trade-a-much-needed-win.html