Broadcom

Broadcom reports Q1 revenue up 29% YoY to $19.31B, above $19.18B est., AI revenue up 106% YoY to $8.4B, and authorizes up to $10B in share buybacks through 2026

Broadcom reported better-than-expected earnings and revenue and issued a strong forecast for the current period as the chipmaker continues to benefit from the artificial intelligence boom.

Broadcom reports Q1 revenue up 29% YoY to $19.31B, vs. $19.18B est., AI revenue up 106% to $8.4B, and announces a $10B share buyback program

US tech stocks and bitcoin rally after three days of selling; Nasdaq Composite closed up 2.18%, Broadcom 7.22%, Strategy 26.11%, and bitcoin rebounded to ~$70K

Nasdaq climbs after sell-off fuelled by worries over vast AI spending  —  US technology stocks and bitcoin rallied strongly …

Broadcom reports Q4 revenue up 28% YoY to $18.02B, vs. $17.49B est., and forecasts Q1 revenue above est., as it expects AI chip sales to double YoY to $8.2B

Kif Leswing / CNBC :

Broadcom reports Q3 revenue up 22% YoY to $15.95B, vs. $15.8B est., AI revenue up 63% YoY to $5.2B, and forecasts Q4 revenue above estimates; AVGO jumps 10%+

Dina Bass / Bloomberg :

Broadcom reports Q2 revenue up 20% YoY to $15B, vs. $14.96B est., net income up 134% YoY to $4.97B, and AI revenue up 46% YoY to $4.4B+, driven by AI networking

Katherine Hamilton / Wall Street Journal :

Broadcom reports Q1 revenue up 25% YoY to $14.92B, vs. $14.61B est., net income up 315% YoY to $5.5B, and forecasts Q2 revenue above est.; AVGO jumps 5%+

Zaheer Kachwala / Reuters :

TSMC reports December revenue up 58% YoY to ~$8.4B, pushing its 2024 revenue up 34% YoY to ~$88.02B, driven by AI chip demand from Nvidia, Broadcom, and others

Nikkei Asia :

In 2024, Intel had its worst year since going public in 1971, losing 61% of value; Broadcom stock soared 111%, its best performance ever, driven by AI revenue

In 2024, Intel had its worst year since going public in 1971, losing 61% of value; Broadcom stock soared 111%, its best performance ever, driven by AI revenue

It was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area's moniker.