Shares of Broadcom popped more than 21% Friday, pushing the company's market cap beyond $1 trillion for the first time.popped more than 21% Friday morning, pushing the company's market cap beyond $1 trillion for the first time. The move comes a day after the company reportedStreaming 24/7: Watch NBC 5 local news and weather for free wherever you are
The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when Broadcom CEO Hock Tan said the company is developing custom AI chips with large cloud customers.Broadcom's net income came in at $4.32 billion, or 90 cents per share, up 23% from $3.52 billion, or 83 cents per share, in the same quarter a year earlier.CEO Jensen Huang's signature style.
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