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Broadcom has unveiled its financial outcomes for the fourth fiscal quarter, revealing that both its adjusted earnings per share and revenue have outperformed market forecasts. Propelled by the soaring demand for artificial intelligence, the company has painted a robust performance picture for the current quarter. It anticipates that the revenue for the first quarter will hit roughly $19.1 billion, marking a 28% increase year-on-year and surpassing what analysts had predicted. Moreover, AI chip sales for the quarter are estimated to double compared to the same period last year, hitting $8.2 billion. Additionally, the net profit for the quarter has seen a staggering 97% year-on-year leap, soaring from $4.32 billion in the corresponding period of the previous year to $8.51 billion.
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