Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, forecasts Q1 revenue just above est.; AVGO jumps 9%+ after hours

Biztoc.com - December 12, 2024

Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, forecasts Q1 revenue just above est.; AVGO jumps 9%+ after hours

Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker's stock ticked higher in extended trading, rising over 9% after Broadcom CEO Hock Tan said the co…

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