Broadcom shares hit record high as AI revenue surges in 4Q
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Broadcom Inc shares reached a record high following strong Q4 results, driven by increased demand for AI technology. The company reported $14.1 billion in revenue, meeting expectations, and exceeded earnings and EBITDA forecasts.
December 12, 2024 | 9:45 pm
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Broadcom's shares surged to a record high due to strong Q4 results, driven by AI demand. Revenue met expectations, while earnings and EBITDA exceeded forecasts.
The record high in Broadcom's share price is attributed to strong Q4 results, particularly due to the surge in AI-related revenue. Meeting revenue expectations and exceeding earnings and EBITDA forecasts are positive indicators for investors.
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