Broadcom shares rallied after the company posted strong first-quarter earnings and guidance and signaled ongoing AI demand.

Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis.

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Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software. Market Capitalization ...

Broadcom Inc. shares have decreased 23% since the beginning of the year, while the S&P's 500 index has declined slightly more than 2%. In the final minutes of trading on Thursday, shares hit $179.45, ...

The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.

(Reuters) - Broadcom forecast second-quarter revenue above Wall Street expectations on Thursday, bolstered by strong demand ...