Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand

Biztoc.com - 13 december 2024

Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand

Broadcom AVGO-Q is predicting a massive expansion in demand for chips that power AI – and the market, for now, is buying it all the way. The company’s valuation hit $1-trillion on Friday as its shares surged 21 per cent after CEO Hock Tan said AI could presen…

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