Broadcom shares rise as AI growth powers strong guidance
1. Broadcom's shares rose 5% after strong earnings and AI demand guidance. 2. Reported earnings of $1.60 per share exceeded analyst expectations. 3. AI revenues surged 77% year-over-year, indicating robust market growth. 4. Broadcom forecasts $14.9 billion revenue, above Wall Street estimates. 5. Expansion into AI chips suggests long-term growth potential.