Broadcom Soars 14.04% in After-Hours Trading Following Strong Earnings Report-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Broadcom Soars 14.04% in After-Hours Trading Following Strong Earnings Report

Market Watcher12-13

December 12th, 8:15 PM, after the US stock market opened, several stocks experienced significant fluctuations.

Broadcom saw a notable increase of 14.04% in after-hours trading, drawing significant market attention.
The surge in Broadcom's stock price can be attributed to its impressive fourth-quarter earnings report, which exceeded market expectations. The company reported adjusted net revenue of $14.05 billion, slightly above the expected $14.08 billion, and earnings per share of $1.42, surpassing the anticipated $1.39. Broadcom also provided an optimistic revenue forecast of approximately $14.6 billion for the first quarter, further boosting investor confidence. Additionally, Broadcom predicts a massive opportunity in the AI market over the next three years, with AI revenue reaching $12.2 billion in the latest fiscal year. The company expects AI revenue for the serviceable addressable market to be in the range of $60 billion to $90 billion in fiscal 2027 and anticipates a 65% growth in AI revenue in the first quarter of the fiscal year.

Top 5 Gainers in After-Hours Trading Today
TRUGOLF INC: 38.76%
BTC Digital: 22.29%
Broadcom: 14.04%
Lightwave Logic, Inc.: 10.67%
NANO Nuclear Energy Inc: 10.65%

Top 5 Decliners in After-Hours Trading Today
SEALSQ Corp: -10.27%
BigBear.ai Holdings: -4.89%
Direxion Daily Semiconductors Bear 3x Shares: -4.73%
Five Point Holdings LLC: -3.92%
Editas Medicine: -3.70%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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