Bank of America resets Broadcom stock price target
Broadcom reported its Q4 earnings on December 11. During the earnings call Hock Tan, president and CEO of Broadcom, said: “Our custom-accelerated business more than doubled year-over-year, as we see our customers increase adoption of XPUs, as we call those custom accelerators, in training their LLMs and monetizing their platforms through inferencing APIs and applications.” Here are the Broadcom Q4 earnings highlights: Revenue of 8.5 billion, up ...