Broadcom guides to stronger AI revenue growth; Hock Tan says AI chip demand exceeds supply
Broadcom rose about 2% in after-hours trading after CEO Hock Tan guided to stronger AI revenue growth on the earnings call, stating that AI chip demand exceeds what the company can currently ship. Multiple verified sources reported the stock moved higher following the guidance.
Detected & updated continuously · Source: Nebula
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@TU_Crypto_News
Broadcom rose 2% after hours after management guided to stronger AI revenue growth. CEO Hock Tan said demand for AI chips is exceeding what the company can currently ship. https://t.co/8YXPQSc5q7
@garyblack00
$AVGO now +2% AH as investors responded favorably to the company’s AI rev growth guidance. AVGO CEO Hock Tan on the earnings call: “AI chip demand is higher than what we can ship.”
@theincomewheel
$AVGO BOOM Now it’s green after the earnings call clarifies why there was a miss