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CNBC's Partsinevelos: ‘Broadcom Just Did What Nvidia Couldn't Explain' [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Nvidia (NVDA) reported revenue of $68.13B up 73%, Data Center revenue of $62.31B, but shares fell. Broadcom's CEO gave investors a concrete $100B AI chip revenue target by 2027 with OpenAI as a customer, providing the narrative clarity Nvidia couldn't deliver despite strong results. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE CNBC's Kristina Partsinevelos put it plainly after Broadcom ( NASDAQ:AVGO ) reported earnings this week: "Broadcom just did what Nvidia couldn't explain." That's the whole story. But let's unpack why it matters. The Nvidia Problem Nvidia ( NASDAQ:NVDA ) reported what should have been a celebration. Revenue hit $68.13 billion, up 73% year-over-year. Data Center alone generated $62.31 billion. The stock still fell. Partsinevelos nailed the reason: "Every single person knows Nvidia now, and it takes more than a beat to just move the needle." READ: The analyst who called NVIDIA in 2010 just named his top 10
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