Broadcom Shares Jump 13% In After-Hours Trading On Strong AI Results — Gary Black Says, 'This Should Help AI Stocks Tomorrow - Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD)
1. Broadcom's shares surged 12.82% post strong Q1 earnings report. 2. Broadcom's revenue of $14.92 billion exceeded estimates, driven by AI spending. 3. Future Fund's Gary Black stated Broadcom's results could boost AI stocks. 4. AMD and others fell in sympathy with Marvell Technology's weaker guidance. 5. Broadcom projects continued growth, especially in AI semiconductor revenue.