The AI hardware sector is in need of good news, amid uncertainty over the boom’s longevity—and Broadcom has just delivered.
The U.S. maker of chips and data-center infrastructure on Thursday beat Wall Street’s expectations by reporting quarterly revenue of $14.9 billion, versus analyst forecasts of $14.76 billion. Although its share price had closed 6.3% down earlier in the day, it soared by as much as 14% in extended trading.
