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Broadcom forecasts first-quarter revenue above estimates
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Broadcom forecasts first-quarter revenue above estimates
Dec 12, 2024 1:37 PM

Dec 12 (Reuters) - Broadcom ( AVGO ) forecast its

first-quarter revenue above Wall Street estimates on Thursday,

betting on booming demand for its custom artificial intelligence

chips and networking gear from cloud providers doubling down on

GenAI infrastructure adoption.

The company forecast revenue of about $14.6 billion for the

first quarter, compared with analysts' average estimate of

$14.57 billion according to data compiled by LSEG.

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