AVGO
📈 Broadcom’s stock jumps 1% after an optimistic forecast, reassuring investors about AI spending.
💰 Sales are projected to be approximately $15 billion for the three-month period ending May 4.
🔥 The historic surge in AI spending continues to drive Broadcom’s market value.
✅ Broadcom is benefiting significantly from data center investments in new infrastructure.
@bernardodegarcia:
“Broadcom, a chip supplier for Apple and other major tech companies like Amazon, Google, and Meta, jumped 1% in pre-market trading after an optimistic forecast, reassuring investors that spending on AI computing remains strong. Sales are expected to be approximately $15 billion for the three-month period ending May 4, according to Broadcom’s statement yesterday. The report suggests that the historic surge in AI spending remains robust, benefiting Broadcom significantly as its clients invest heavily in new data center infrastructure.”
Watch the exact part of the video where Bernardo talks about Broadcom here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on Broadcom (AVGO) at the following link. AVGO stock.
