Broadcom Inc. (NASDAQ: AVGO) Surpasses Earnings Expectations with Strong AI Sector Performance

Broadcom Inc. (NASDAQ: AVGO) reported earnings per share (EPS) of $1.69, beating the estimated$ 1.66, and achieved a record-breaking revenue of approximately $15.95 billion.The company saw a 63% increase in AI revenue, reaching$ 5.2 billion, with a forecast of AI semiconductor revenue rising to $6.2 billion in the current quarter.Broadcom's financial health is solid, with a cash flow from operations of$ 7.17 billion and a free cash flow of $7.02 billion, representing 44% of the revenue.Broadcom Inc. (NASDAQ ...