[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, soared in late trading after an upbeat forecast assured investors that spending on artificial intelligence computing remains healthy. Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 […]
Broadcom shares jump 14% in extended trading on projection of AI sales surge – CNBC TV18
[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence chips. Company Value Change %Change Sales of AI products will gain 65% in the fiscal first quarter, far faster than its overall semiconductor growth of about 10%, […]