Broadcom Outpaces Expectations: Q1 Revenue Boosted By Soaring AI Chip Demand

11 hours ago · broadcom is seeing soaring demand from the boom in generative ai infrastructure. The chipmaker said artificial intelligence revenue increased 220% for the year to $12. 2 billion. 2 hours ago · broadcom forecast quarterly revenue above wall street estimates on thursday and predicted booming demand for its custom artificial intelligence chips in the next few years. Jun 13, 2024 · revenue rose to $12. 5 billion, compared with a projection of $12. 1 billion. Sales in the full fiscal year, which runs through october, will be about $51 billion, the company said.