AI Accelerators and Networking Fuel Broadcom's Growth: What's Ahead?
Key Takeaways Broadcom's semiconductor revenues surged 79% to $15.01B as AI demand drove record quarterly sales.AI semiconductor bookings topped $30B, with third-quarter AI revenues forecast at $16B.Long-term XPU and networking deals lifted remaining performance obligations to about $164.6B.Broadcom’s (AVGO) Semiconductor Solutions business is riding on strong AI demand. Strong shipments of custom AI accelerators, including XPUs and TPUs, and advanced networking products used to connect large-scale AI clust ...