Broadcom posts earnings beat and raises outlook as AI chip demand surges

Broadcom smashed Wall Street’s estimates Thursday with stronger-than-expected fourth-quarter numbers, citing rising demand for AI chips as the main reason. The company said revenue for Q4 hit $18. 02 billion, beating the $17. 49 billion analysts had forecast, while adjusted earnings per share landed at $1. 95, also ahead of the $1. 86 prediction from LSEG. Net income nearly […] source: https://www.cryptopolitan.com/broadcom-posts-earnings-beat/