Broadcom guides to big numbers but investors wanted more. Why we're OK to hold for now
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Source: CNBC
Published: 2026-09-03 09:52 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Financial Markets, Tax & Budget, Business & Economy, Technology
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Snippet:
Broadcom on Wednesday evening beat quarterly earnings expectations and provided a strong multiyear revenue forecast for its artificial intelligence custom chip business. Revenue in the fiscal third quarter of 2026, which ended Aug. 2, rose 85% year-over-year to $29.59 billion, a slight beat versus the $29.36 billion consensus forecast, according to estimates compiled by LSEG.
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