According to the fourth fiscal quarter report released by Broadcom, the company's adjusted earnings and revenue per share exceeded market expectations. At the same time, driven by demand for artificial intelligence, it issued strong performance guidelines for the current quarter. Broadcom said that revenue for the first quarter is expected to be around US$19.1 billion, up 28% year over year, higher than analysts' average expectations of US$18.3 billion. CEO Hock Tan said in a statement that Broadcom expects AI chip sales to double to 8.2 billion US dollars this quarter. Revenue sources include not only customized AI chips but also semiconductor products related to artificial intelligence networks. The company's net profit surged 97% year-on-year in the quarter, from US$4.32 billion in the same period last year to US$8.51 billion.

According to the fourth fiscal quarter report released by Broadcom, the company's adjusted earnings and revenue per share exceeded market expectations. At the same time, driven by demand for artificial intelligence, it issued strong performance guidelines for the current quarter. Broadcom said that revenue for the first quarter is expected to be around US$19.1 billion, up 28% year over year, higher than analysts' average expectations of US$18.3 billion. CEO Hock Tan said in a statement that Broadcom expects AI chip sales to double to 8.2 billion US dollars this quarter. Revenue sources include not only customized AI chips but also semiconductor products related to artificial intelligence networks. The company's net profit surged 97% year-on-year in the quarter, from US$4.32 billion in the same period last year to US$8.51 billion.