Broadcom reports fourth quarter earnings after the bell | Broadcom’s stock is a ‘top pick’ …

Explore the latest developments concerning Broadcom reports fourth.

Broadcom reports fourth quarter earnings after the bell

Here's how the company did, compared with estimates from analysts polled by LSEG:

Broadcom said it expected $19.1 billion in sales in the first quarter, versus $18.27 billion expected by analysts.

CEO Hock Tan said in a statement that Broadcom expects AI chip sales to double on a year-over-year basis to $8.2 billion, both from custom AI chips as well as semiconductors for AI networking.

WATCH: Broadcom-OpenAI deal expected to be cheaper than current GPU options

Got a confidential news tip? We want to hear from you.

Sign up for free newsletters and get more CNBC delivered to your inbox

Get this delivered to your inbox, and more info about our products and services.

The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning Broadcom reports fourth.

For more news…