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AVGO
Barrons
3 hrs

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1. AVGO shares rose 11% after beating earnings forecasts for Q3. 2. AI revenue increased 63% to $5.2 billion, leading company growth. 3. Q4 revenue expected to reach $17.4 billion, surpassing estimates. 4. CEO disclosed $10 billion in AI orders from a new major customer. 5. Analysts speculate new customer is OpenAI, boosting market interest.

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FAQ

Why Very Bullish?

AVGO's recent performance and strong AI growth signal a positive trajectory, reminiscent of past successes like its acquisition of CA Technologies, which led to long-term growth in software revenue.

How important is it?

The article highlights key factors influencing AVGO's revenue and strategic position; significant new business in AI is critical for sustained growth.

Why Long Term?

Continued success in AI-related orders may solidify AVGO's market position, paralleling historical growth following significant contracts.

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