Browsing: Broadcoms

Broadcom (NASDAQ: AVGO) just announced some simply incredible news: Its AI semiconductor revenue grew at a 221% pace to $16.7 billion during its latest fiscal quarter. That showcases both that the AI build-out is far from over and that Broadcom’s computing units are gaining more traction.

Q3 revenue jumped 86% year-over-year to $29.6 billion, while adjusted earnings reached $3.32 per share, topping Wall Street projections.

Broadcom Inc. today introduced VMware Private AI Cloud, an integrated software stack designed to enable enterprises to build and run artificial intelligence applications alongside conventional workloads while keeping their data, models and infrastructure under their control.