Broadcom stock hits record high on positive guidance, CEO comments 📈
Broadcom Inc (NASDAQ:AVGO) hit a record high, soaring over 15% after hours, fueled by strong AI-driven revenue projections and better-than-expected profits.
CEO Hock Tan highlighted a $15-$20 billion AI market by 2025, boosting investor confidence. Broadcom also raised its quarterly dividend by 11% and announced collaborations with Apple (NASDAQ:AAPL) on AI server chips.
Broadcom is cementing its position as a leader in the AI revolution.
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