avgo earnings: Broadcom Q3 earnings beat expectations driven by AI revenue – can its custom chips challenge Nvidia?

Hunting stock: Broadcom, according to a report, reported their third -quarter -quarter earnings, which are largely directed by AI demand, overcome Wall Street expectations and show even stronger performance. However, despite the optimistic results, the stocks were mostly flat in post -time transactions, according to a CNBC report.

Broadcom Q3 EXPENSES EXPERIENCES, EXPORT THE HIGHT quarter income

According to the report, the company recorded $ 1.69 per share of $ 1.69. Income, according to the CNBC, LSEG also defeated a defeat of $ 15.83 billion.
When we look forward, the chip manufacturer expects $ 17.4 billion in the current quarter of $ 17.4 billion in the existing quarter, as reported by the CNBC.
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Broadcom Net Income After last year’s tax hit

According to the CNBC report, net income for the third quarter reached $ 4.14 billion or 85 cents per share. This is in the same quarter of the last year, according to the CNBC report, a net loss of $ 1.88 billion or 40 cents of net loss per share, where an $ 4.5 billion tax on an intellectual property to the United States is hit.

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Strong AI demand directs the growth of Broadcom

The California -based company continues to be a major growth driver. According to the report, the income from artificial intelligence -related products increased by 63% in the third quarter to $ 5.2 billion. CEO Hock tan, as reported by CNBC, loan to special AI accelerators, network components and VMware software to guide powerful results. According to the report, AI income is expected to reach $ 6.2 billion in the fourth quarter, he added.

Broadcom’s semiconductor solutions and software segments

The Semiconductor Solutions segment, which includes Broadcom’s chip sales, increased from year to year to $ 9.17 billion, according to the CNBC report. According to the report, the infrastructure software containing VMware also received a strong performance and increased by 43% to $ 6.79 billion.

Will Broadcom’s special chips challenges Nvidia’s market share

The company’s development of special chips for large cloud providers like Google continues to increase investor optimism, according to CNBC. CNBC, Broadcom also cries the parts and software required to connect thousands of artificial intelligence chips. Investors optimize that the company’s private chips can even threaten Nvidia’s dominant market share in the AI ​​chips in the coming years.

In March, Tan announced in March that the company developed new AI chips with its three major cloud customers, and as reported by the CNBC, the company’s AI growth expects to continue throughout the next year.

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Hunting stock

According to the report, Broadcom shares have increased by 32% to date and have doubled in the last 12 months, and the market value has gone through $ 1.4 trillion.

FAQ

What directs Broadcom’s last growth?
AI -related products, including special AI accelerators and network components, contribute significantly to the growth of Broadcom.

Does Broadcom compete with Nvidia in AI chips?
Investors are optimistic that Broadcom’s special chips can challenge Nvidia’s dominance in the AI ​​market, according to the CNBC report.