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Broadcom 10 for 1 stock climbs 242 points on future guidance

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whose shares have also jumped.
The chip and software maker’s stock has grown more expensive as surging demand for artificial-intelligence-related products buoy shares. Broadcom on Wednesday reported another quarter of strong demand, with about one-quarter of its sales coming from AI products.
Broadcom Q2 earnings snapshot
・Earned $2.12 billion versus the year-ago $3.48 billion
・Per-share earnings also declined from $8.15 to $4.42
・Adjusted EPS printed at $10.96 as per the earnings report
・Revenue jumped 43% year-over-year to $12.49 billion
・Consensus was $10.84 a share on $12.01 billion in revenue
Broadcom noted a 6.0% annualised growth in its semiconductor revenue while its

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