Broadcom beats expectations: $19.3B revenue, $100B AI forecast for 2027
Broadcom reported record revenue of $19.3B (+29%), AI grew 106% to $8.4B, and CEO forecasts $100B in AI chips by 2027. Stock up 5%. $0.65/share dividend and $10B buyback.
4 articles found
Broadcom reported record revenue of $19.3B (+29%), AI grew 106% to $8.4B, and CEO forecasts $100B in AI chips by 2027. Stock up 5%. $0.65/share dividend and $10B buyback.
Jack Dorsey cut 4,000 jobs at Block, nearly half the company. He says AI made it inevitable and predicts most companies will make the same decision within a year.
Federal Reserve Governor Lisa Cook warned that artificial intelligence could cause unemployment that even lowering interest rates cannot resolve.
Nvidia reports Q4 results on Tuesday February 25. Wall Street expects $65.5 billion in quarterly revenue and the stock trades at $187.90 with a $264 target.