AVGO Reports $10.8B AI Revenue, MRVL Shares Surged 39%
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBroadcom (AVGO) reported $22.187 billion in total revenue, reflecting a 47.9% increase, with AI semiconductor revenue at $10.8 billion, growing 143% year-over-year. Marvell Technology (MRVL) posted $2.418 billion in total revenue, a 27.6% increase, and their Data Center segment brought in $1.83 billion, making up 76% of total revenue. Marvell's shares surged 39% post-earnings, and they guided Q2 revenue to $2.70 billion, roughly 35% growth. Hock Tan of Broadcom projected Q3 semiconductor revenue from AI to reach $16 billion, reflecting over 200% growth year-over-year.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Broadcom Inc. (AVGO)
Broadcom is a diversified semiconductor and infrastructure-software maker, supplying networking, broadband, and custom AI chips to data centers and device makers.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AVGO news
- Broadcom (AVGO) AI Revenue Rises 143% to $10.8B in Latest Quarter
- Broadcom (AVGO) AI Chip Revenue Increases 143% Year Over Year
- Vanguard Tech ETF (VGT) Invests 42% in Apple (AAPL), Nvidia
- Insider Buy at Broadcom (AVGO) Signals Market Interest
- Broadcom (AVGO) Launches AI XPV Platform with $35 Billion Tranche
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