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Buy into Broadcom's AI Growth as VMware Lifts Q2 Earnings? [Yahoo! Finance]

Broadcom Inc. (AVGO)  More Company Research Source: Yahoo! Finance
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
thanks to its lucrative expansion as a provider of AI networking chips and custom AI accelerators, which are critical to data centers, smartphones, autonomous vehicles, robotics, and edge computing. Helping to lift these innovative technologies, Broadcom's acquisition of virtualization and cloud computing company VMware has also begun to pay off after acquiring the enterprise IT infrastructure player in 2023 for over $60 billion. Driven by strong momentum from VMware and demand for its AI semiconductors, Broadcom's Q2 sales spiked 20% year over year to a record $15 billion, topping estimates of $14.94 billion. Total Q2 semiconductor revenue increased 17% to $8.4 billion. AI semiconductor revenue contributed to more than half of the segment's revenue at $4.4 billion, a 46% spike and a ninth consecutive quarter of AI semi growth. Fueling Broadcom's AI semi growth, custom accelerators revenue grew by double digits, while AI networking revenue soared over +170%. With the integrati [Read more]
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Buy into Broadcom's AI Growth as VMware Lifts Q2 Earnings? [Yahoo! Finance]

Broadcom Inc.  (AVGO) 
More Company Research Source: Yahoo! Finance
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
thanks to its lucrative expansion as a provider of AI networking chips and custom AI accelerators, which are critical to data centers, smartphones, autonomous vehicles, robotics, and edge computing. Helping to lift these innovative technologies, Broadcom's acquisition of virtualization and cloud computing company VMware has also begun to pay off after acquiring the enterprise IT infrastructure player in 2023 for over $60 billion. Driven by strong momentum from VMware and demand for its AI semiconductors, Broadcom's Q2 sales spiked 20% year over year to a record $15 billion, topping estimates of $14.94 billion. Total Q2 semiconductor revenue increased 17% to $8.4 billion. AI semiconductor revenue contributed to more than half of the segment's revenue at $4.4 billion, a 46% spike and a ninth consecutive quarter of AI semi growth. Fueling Broadcom's AI semi growth, custom accelerators revenue grew by double digits, while AI networking revenue soared over +170%. With the integrati [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AVGO
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS