Broadcom beats earnings expectations, raises dividend, AI revenues triple, stock surges.

From Nasdaq: 2024-12-17 19:23:00

Broadcom (AVGO) reported EPS of $1.42 on revenues of $14.1 billion, beating the bottom line and raising its dividend by 11%. AVGO’s AI revenues tripled, with custom AI chips in development for three large cloud customers. AVGO shares surged 24% on Friday and 11.2% on Monday, reaching $250.

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