Earnings

Blistering AI demand drives a beat and raise at our other chipmaker Broadcom

Hock Tan, CEO of Broadcom
Lucas Jackson | Reuters

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split.

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