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Stock Price Surges 5%! Broadcom's Hock Tan: AI Revenue Will Significantly Exceed $100 Billion
6 day ago /
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Author：小编
Broadcom's stock price surged approximately 5% after market close on Thursday (5th). CEO Hock Tan emphasized during the earnings call that demand for artificial intelligence will remain robust in the long term and predicted that the company's AI chip revenue will significantly exceed $100 billion by 2027, far surpassing Wall Street analysts' expectations. Earnings reports showed that Broadcom's first-quarter profit and revenue both exceeded expectations, with AI business revenue doubling year-on-year to $8.4 billion. The company expects AI semiconductor revenue to rise to $10.7 billion in the second quarter, representing a sequential increase of over 27%. Additionally, Broadcom announced a new stock repurchase program of up to $10 billion.
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