Broadcom’s market value exceeds $1 trillion for the first time in its history
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Revenues increased by 51% compared to last year
Broadcom’s rise was driven by Q4 financial results that beat expectations and a big jump in AI revenue. The company’s total income compared to the same period last year 51% increase to 14.05 billion dollars rising, net profit 23% increase to 4.32 billion dollars reached. Broadcom reported revenue from artificial intelligence chips increased by 220% to 12.2 billion dollars took it out.
Following strong financial results, the company’s shares rose 20% to $221, and its market capitalization exceeded $1 trillion for the first time in its history. With this performance, Broadcom The 10 most valuable companies in the world He got in between. The company’s shares have increased since the beginning of the year 60% increase showed.
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