Broadcom Stock Surges on Strong Earnings, Outlook | Global News Avenue

Broadcom(avgo) reported first-quarter results for the first quarter, which exceeded analyst expectations and made the stock higher in Thursday’s extended trading.

Chipmakers’ revenue rose 25% year-on-year to $14.92 billion, which is visible to Alpha’s analyst consensus. Adjusted net income was $7.82 billion, up from $5.25 billion in the same period last year, and is expected in advance.

Broadcom’s AI revenue soared 77% to $4.1 billion, and the revenue was gained. CEO Hock Tan said the company expects the continued strength of AI semiconductor revenue to be $4.4 billion as Hyperscale Partners continues to invest in connectivity solutions for AI XPU and AI data centers. ”

Broadcom expects total revenue in the second quarter to be $14.9 billion, slightly higher than the analyst consensus of $14.82 billion.

The results also came after a report earlier this week Run the test Intel(INTC) Chipbuild Process that may make a contract. According to reports, Broadcom has Consider buying Intel’s chip design arm.

After the issuance, Broadcom shares rose 9% in Thursday’s expansion trading. Although it is a tough start to 2025, they have gained more than 27% in the closing ceremony over the past 12 months.