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Boadcom's AI Revenue Explodes 220%, Eying $50 Billion by 2027 [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
With the AI boom, Broadcom Inc ( AVGO Financial ) remains one of the top picks in the semiconductor sector, continually lighting up with growth. Custom AI solutions and VMware integration helped the company's fiscal 2024 revenue jump 44% year-over-year to a superb $51.6 billion. Organic revenue grew 9%, excluding VMware's contributions, and Broadcom is doing remarkably well numerically. Notably, AI revenue was the outlier, soaring 220% to $12.2 billion, largely thanks to hyperscale clients like Google, Meta, and ByteDance. Broadcom surpassed more than 50% market share for AI hardware sales, with 76% of sales coming from custom AI accelerators. Its AI solutions are expected to command a serviceable market of $6090 billion by 2027, and analysts estimate that Broadcom could command $37.550 billion in revenues if it maintains its market share. However, challenges loom. It is also dependent on a small number of hyperscale customers, who bring with them potential risks if spending shif
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- Yahoo Finance [Yahoo! Finance][Yahoo! Finance]
- Is Trending Stock Broadcom Inc. (AVGO) a Buy Now? [Yahoo! Finance][Yahoo! Finance]
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- Where Will Broadcom Stock Be in 3 Years? [Yahoo! Finance][Yahoo! Finance]
- Netflix lawsuit sues VMware over virtual machine patents [Yahoo! Finance][Yahoo! Finance]
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