Broadcom delivers strong earnings view as CEO touts growth with AI labs

Broadcom reported financial results that exceeded certain expectations while falling slightly short on others, alongside forward-looking statements about its artificial intelligence segment. The company’s stock rose in extended trading following the announcement.
For the fiscal fourth quarter, Broadcom reported revenue of $15.95 billion in the prior year period, which increased 86% during the quarter. The company generated net income exceeding $13 billion, translating to $2.68 per share c