Broadcom shares surge as solid forecast eases demand worries for AI chips

March 7, 2025

, By The Economic Times

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Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.

Its forecast eased concerns about the thirst for AI chips, a day after Marvell Technology’s spooked the market with a tepid forecast. Broadcom shares, which closed down 6%, surged 14% in extended trading after the results.

The chipmaker expects revenue of around $14.90 billion, compared with estimates of $14.76 billion, according to data compiled…

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Broadcom shares surge as solid forecast eases demand worries for AI chips

March 7, 2025

, Published By The Economic Times

Broadcom CEO on Thursday assuaged investor worries about AI chip demand with a strong second-quarter forecast and hinted about new potential customers that could boost revenue in a highly competitive market.

Its forecast eased concerns about the thirst for AI chips, a day after Marvell Technology’s spooked the market with a tepid forecast. Broadcom shares, which closed down 6%, surged 14% in extended trading after the results.

The chipmaker expects revenue of around $14.90 billion, compared with estimates of $14.76 billion, according to data compiled…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Navi is the biggest beneficiary of govt’s efforts to level UPI playing field, says Sachin Bansal

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M3 Ultra on par with M4 Max in CPU benchmark performance

The Economic Times

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