Broadcom Stock Jumps as Results, Outlook Show Robust AI Chip Demand | Global News Avenue

Broadcom(avgo) Stocks soared more than 8% in Friday’s listing trading after chipmakers released quarterly results and outlook top Analysts’ expectations for strong demand Artificial Intelligence (AI) semiconductor.

Broadcom reports adjustments Earnings per share (EPS) Revenue of $1.60 rose 25% year-on-year to $14.92 billion, both higher than the visible Alpha forecast. Its current estimated revenue is $14.9 billion, slightly ahead of consensus.

The company said its AI revenue grew 77% in the quarter, with forecasts showing continued improvement in the sector.

Citigroup aligns its buy rating with the stock “AI” and $220 price target, noting that chipmakers’ AI strength will offset sanctions from Tiktok Parent bytedance and any potential “defaults” of providing radio-frequency (RF) chips (RF) (RF) (RF)AAPL). China’s Barbarians and Apple’s RF chip business are expected to account for about 2% of Broadcom’s fiscal 2025 sales, Citi said.

US President Donald Trump Mountain Quote him as saying Thursday, if no deal is reached, it can be expanded. Meanwhile, Apple’s iPhone sales have already Slow downthreatens RF chip business.

Broadcom shares struggled about 33% at the beginning of the year in the past 12 months to Thursday in the past 12 months, 2016. Artificial Intelligence Expenditures and uncertainty about the potential impact of the Trump administration on tariffs and AI chip export routes.