Broadcom’s Impressive Outlook Signals Sector Strength
Broadcom, the third-largest semiconductor company by market capitalization and a key 7.7% holding in the SMH ETF, delivered a breakout performance in its recent Q4 results. The chipmaker’s revenue surged 51.2% year-over-year to $14.05 billion, while earnings per share (EPS) of $1.42 topped analyst estimates of $1.39. This marked Broadcom’s first foray into the trillion-dollar club, with its market cap now exceeding $1.1 trillion.
