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Broadcom’s AI Surge Targets $3T | Business and Finance News
Description
Broadcom is on a meteoric rise, surging toward the $3 trillion market cap club with AI chips powering its explosive growth—revenue up 39% year-to-date and forecasted to jump 84% in the latest quarter, fueled by multi-billion dollar deals with OpenAI, Google, and Meta. With AI semiconductor revenue projected to hit $100 billion next year and earnings poised for a 70% leap, Broadcom’s strategic positioning could catapult it past Microsoft’s valuation within years.
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