Broadcom Dominates Q4 Earnings

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Broadcom CEO sounds alarm on crucial shift in AI-chip market

Summary

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83% Informative

Broadcom has enjoyed an excellent year of steady growth as a leader in semiconductor technology design and manufacturing.

With gains of 118% for the year , AVGO stock looks poised to close out 2024 on an extremely high note.

On last week ’s Q4 earnings call, Broadcom CEO Hock Tan laid out a high revenue prediction for the next two-year period, one that highlights an oncoming trend in the AI-chip industry.

In his words: “When you have a custom software layer, you build the chips specifically to function with that software. And that's why it's more effective, it's more efficient. It won't be more efficient in the generalized sense.” In a note to investors recently published on Broadcom , Gottlieb states that “While NVIDIA dominates GPUs for AI , Broadcom’s custom silicon addresses hyperscaler-specific workloads with unmatched efficiency,” reinforcing this bullish thesis on both companies. Related: Veteran fund manager sees world of pain coming for stocks.

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semi-formal

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English

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