Broadcom reported fourth-quarter revenue of $18.02 billion, surpassing the estimated $17.49 billion. The company anticipates AI chip sales to double to $8.2 billion in the upcoming quarter, driven by custom designs for major hyperscalers. Adjusted earnings per share reached $1.95, exceeding the forecast of $1.86, while net income nearly doubled compared to the previous year. Semiconductor solutions revenue increased by 22% to $11.07 billion, and infrastructure software revenue rose by 26% to $6.94 billion. The surge in AI demand is drawing attention from crypto markets, highlighting the growing intersection between AI technology and cryptocurrency sectors.
Broadcom Q4 Revenue Exceeds Expectations, AI Chip Sales Set to Double
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