$Broadcom(AVGO)$ Broadcom (AVG-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Broadcom(AVGO)$

Broadcom (AVGO) has skyrocketed these few days.

The semiconductor company reported fiscal fourth-quarter adjusted earnings per share of $1.42, compared to Wall Street's consensus estimate of $1.39 cents, according to FactSet. Revenue came in at $14.05 billion, which was roughly in-line with analysts' expectations of $14.07 billion.

Broadcom also forecast sales of $14.6 billion for the current quarter versus a $14.55 billion estimate from analysts.

For fiscal 2024 "AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio," CEO Hock Tan said in a press release.

Broadcom shares were up as much as 5% in late trading following the report.

The company said its semiconductor-solutions segment for the fiscal fourth quarter had revenue of $8.2 billion, while the infrastructure software segment generated $5.8 billion.

Broadcom's semiconductors are in a number of categories, including networking, broadband, server storage, wireless, and industrial. Some of the company's chips have exposure to generative artificial intelligence applications.

Broadcom shares are up 62% this year as of Thursday's close, compared with the 13% rise for the iShares Semiconductor sector ETF.

Broadcom $1 Trln! Another Star in Semiconductor Sector?

Broadcom released a better-than-expected Q4 earnings report, with profits exceeding expectations and AI revenue more than doubling this year. Even more surprising, the CEO revealed that Broadcom is working with three major cloud customers to develop custom AI chips. This unexpected news caused Broadcom's stock to surge over 15% in after-hours trading. Analysts believe that the AI hype in 2025 may shift from chips to AI applications. ----------- Is the future of AI in chips or software applications? Will Broadcom surge more in the year end? What's your target price?

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Revenue came in at $14.05 billion, which was roughly in-line with analysts' expectations of $14.07 billion.</p>\n<p>Broadcom also forecast sales of $14.6 billion for the current quarter versus a $14.55 billion estimate from analysts.</p>\n<p>For fiscal 2024 \"AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio,\" CEO Hock Tan said in a press release.</p>\n<p>Broadcom shares were up as much as 5% in late trading following the report.</p>\n<p>The company said its semiconductor-solutions segment for the fiscal fourth quarter had revenue of $8.2 billion, while the infrastructure software segment generated $5.8 billion.</p>\n<p>Broadcom's semiconductors are in a number of categories, including networking, broadband, server storage, wireless, and industrial. 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