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Investor's Business Daily

Investor's Business Daily

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Technology

Broadcom Rallies As Chipmaker Shows AI Demand Remains Healthy

Investor's Business Daily
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AVGO stock jumped Friday after its fiscal first-quarter report.

Broadcom announced that it had scored two additional AI chip customers.

The chipmaker and infrastructure software provider earned an adjusted $ 1.60 a share on sales of $14.92 billion in the quarter ended Feb. 2 .