AVGO launches AI devices for telecom operators, expecting $12 billion in AI revenues

From Nasdaq: 2024-10-08 12:28:00

Broadcom (AVGO) launches BCM68660 and BCM55050, industry’s first 50G PON OLT-ONU devices with neural processing unit for AI and machine learning deployment by telecom operators on 50G fiber broadband networks, offering end-to-end solutions. Fiscal 2024 AI revenues expected to exceed $12 billion, contributing to overall revenues of $51.5 billion, 42% growth from the previous year. AVGO stock up 57% YTD, driven by strong portfolio, rich partner base, and demand for networking products and Infrastructure software solutions. 400G PCIe Gen 5.0 Ethernet adapters and world’s premier 51.2Tbps Ethernet switch highlight AVGO’s latest innovation for AI networks. Strong demand for ASICs supporting AI and machine learning, networking solutions fuel top-line growth. Custom AI accelerators, Ethernet switching, optical interconnect technologies experience significant growth. AVGO stock trading at premium valuation due to strong growth potential, despite some apprehensions. AVGO holds Zacks Rank #2 (Buy) with potential for continued growth.



Read more at Nasdaq: AVGO Expands AI Offerings for Telecom Operators: Is the Stock a Buy?