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AVGO Soars 17% on Record AI Revenue, Board Approves $10 Billion Buyback as Demand Outpaces Supply. Broadcom’s quarterly earnings crushed estimates, driven by a 280% surge in AI chip revenue, prompting an accelerated capital return program. The move signals deepening enterprise reliance on custom silicon, reshaping the semiconductor landscape.
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AVGO Soars 17% on Record AI Revenue, Board Approves $10 Billion Buyback as Demand Outpaces Supply. Broadcom’s quarterly earnings crushed estimates, driven by a 280% surge in AI chip revenue, prompting an accelerated capital return program. The move signals deepening enterprise reliance on custom silicon, reshaping the semiconductor landscape.