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Broadcom's AI chip demand drove 90% stock surge and record revenue, with AI sales up 63%.
Broadcom's stock surged 90% over the past year, outpacing other major tech firms, fueled by booming demand for its AI chips, especially energy-efficient ASICs.
In its latest quarter, the company reported record revenue of $15.9 billion, a 22% year-over-year rise, and adjusted earnings per share of $1.69, up 36%, with AI-related revenue jumping 63% to $5.2 billion.
Results beat expectations, and management signaled continued growth, solidifying Broadcom’s position as a key beneficiary of the AI boom.
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La demanda de chips de IA de Broadcom impulsó un aumento del 90% de las acciones y un récord de ingresos, con un aumento del 63% en las ventas de AI.