From CNBC: 2025-03-07 10:03:15

Broadcom shares rose 5% after strong first-quarter earnings, surpassing analyst expectations with $1.60 EPS and $14.92 billion revenue. Bank of America analyst Vivek Arya praised the results as a positive sign for AI demand. The chipmaker’s AI revenues grew 77% to $4.1 billion, with CEO Hock Tan hinting at further growth opportunities.



Read more at CNBC:: Broadcom shares rise as AI growth powers strong guidance