Broadcom on Thursday night reported strong quarterly results and offered upbeat comments on the expected growth of its key artificial intelligence business. While profit-takers are pushing the stock down in extended trading, there is little cause for concern. Revenue in Broadcom’s fiscal 2025 second quarter increased 20% year over year to $15 billion, slightly ahead of the consensus forecast of $14.99 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 44%…
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https://www.cnbc.com/2025/06/05/were-lifting-our-price-target-on-broadcom-after-its-ai-business-impresses-once-again.html