Broadcom Stock Soars to Record High on AI-Driven Growth and Major Contract

Broadcom Inc. delivered a stunning performance that exceeded market expectations, announcing both record quarterly results and a monumental $10 billion agreement with a new hyperscale customer focused on artificial intelligence. While competitors scramble for market share, Broadcom appears to be securing a dominant position in the next phase of AI infrastructure development, though the identity of its latest major client remains officially undisclosed.

The semiconductor specialist reported third-quarter revenue of $15.95 billion, representing a 22% year-over-year increase and surpassing analyst estimates of $15.82 billion. Adjusted earnings per share reached $1.69, outperforming the projected $1.66.

AI Segment Demonstrates Explosive Growth

Central to this outstanding performance was Broadcom’s artificial intelligence division. Revenue from AI-related semiconductors surged by an impressive 63% to $5.2 billion, marking the tenth consecutive Read more...