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Broadcom Posts Higher Profit and Revenue as AI Custom Chips Boost Sales

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Broadcom reported adjusted earnings of $3.32 per share on $29.59 billion in quarterly sales, beating Wall Street expectations and driving net income up to $13.09 billion. Semiconductor revenue tripled to $16.7 billion and infrastructure sales reached $8.75 billion. Shares fell nearly 2% after results, and guidance for the next four quarters trails the Street while management targets rapid AI revenue growth.

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