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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

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To: Return to Sender who wrote (90282)	6/1/2023 5:33:35 PM
From: Return to Sender	Read Replies (1) of 95487

Broadcom Forecasts 3Q Revenue Growth, to Ramp Into AI Networks 5:00 PM ET 6/1/23 \| Dow Jones Broadcom forecast further growth in its current quarter. The semiconductor company on Thursday guided for third-quarter revenue of around $8.85 billion, above analysts' estimates of $8.72 billion. President and Chief Executive Hock Tan said the quarterly outlook reflects leadership in networking as it works to ramp into large scale artificial intelligence networks. AI has become an area of focus for a number of sectors, particularly companies in the world of technology and semiconductors. Chip giant Nvidia has soared in recent days after stating that the AI boom is translating into record sales, propelling its market cap to hit $1 trillion in intraday trading on Tuesday. Broadcom's guidance comes as it posted better-than-expected results in the second quarter, which it attributed to demand for its advancing technology. Write to Denny Jacob at denny.jacob@wsj.com

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