Broadcom's Q3 Earnings Soar, AI Semiconductors Drive Growth

Broadcoms Q3 earnings surpass expectations with a 28.2% revenue increase, driven by a 74% year-over-year growth in AI semiconductors. The company projects a 4.4% higher-than-expected revenue for Q4, with a 37.4% growth projected for the next twelve months. Efficient inventory management and positive market response further bolster Broadcoms strong financial standing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.