Broadcom Shares Rise as AI Outlook Supports Strong Revenue Forecast
Broadcom shares rose about 3.8% to $369.005 after Nvidia’s projection for next-year demand reinforced expectations for continued AI spending. Broadcom reported $10.8B in fiscal second-quarter AI semiconductor revenue (+143%) and expects $16B in the third quarter, putting AI at about 54% of projected total revenue, with non-GAAP operating margin near 67%.