Broadcom beats on earnings and revenue
1. Broadcom's Q2 earnings beat estimates with EPS at $1.58. 2. Third-quarter revenue guidance at $15.8 billion exceeds analyst expectations. 3. AI revenue increased to $4.4 billion; expects $5.1 billion next quarter. 4. Company's software business grew 25% year-over-year to $6.6 billion. 5. Broadcom shares rose 12% this year, boosted by AI chip optimism.