Broadcom's Earnings Exceed Expectations on AI Revenue Growth
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Broadcom (AVGO) reported fiscal fourth-quarter earnings that exceeded analysts' expectations, driven by growth in AI-related revenue. This positive earnings report led to an increase in Broadcom's share price during extended trading.
December 12, 2024 | 10:45 pm
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Broadcom's fiscal Q4 earnings exceeded expectations due to AI revenue growth, leading to a rise in share price during extended trading.
The earnings report indicates strong performance driven by AI revenue, which is a key growth area. The market reacted positively, as seen in the share price increase during extended trading.
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