on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15.The chipmaker said that it expected about $51 billion in sales during its fiscal 2024 year.
Broadcom reported $2.12 billion in net income during the quarter, or $4.42 per share, versus $3.48 billion in net income, or $8.15 per share, in the year-ago period. Broadcom is one of the chipmakers benefitting from the AI boom, because its devices can run the sorts of artificial intelligence applications that have enamored the tech industry. Broadcom said that $3.1 billion in sales during the quarter could be attributed to revenue from AI products.This is breaking news. Please check back for updates.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyOracle stock pops 13% on AI demand, new deals with Google and OpenAIChicago Park District releases statement after Riot Fest says it will leave Douglass Park due to park district's ‘lack of care'
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: Investingcom - 🏆 450. / 53 Läs mer »