Analysts from several major Wall Street banks walked away from Broadcom 's latest quarterly report with more conviction on the stock. The chipmaker reported fiscal second-quarter revenue and profits on Thursday that exceeded analysts' estimates, and also gave strong guidance for the current quarter. Broadcom's adjusted earnings per share of $1.58 on revenue of $15 billion beat the expected $1.56 in earnings per share and $14.99 billion in revenue from analysts polled by LSEG. Broadcom saw $4.4 billion in artificial intelligence revenue during the quarter and said it expects $5.1 billion in AI chip sales in its fiscal third quarter. Shares dipped 2% in premarket trading as the company gave a weaker forecast for its non-AI semiconductor revenue, where analysts were hoping to see signs of a c
What Wall Street has to say about Broadcom's second

51 0