Earnings Results
It’s been a tough stretch for AI stocks, but Broadcom’s guidance brings the sort of upside investors want to see
Last Updated: March 6, 2025 at 7:54 p.m. ET
First Published: March 6, 2025 at 4:43 p.m. ET
Broadcom Inc.’s latest earning and guidance should be welcome relief on Wall Street, given a tough recent stretch for the artificial-intelligence trade.
The software and semiconductor company, which has ridden the AI wave with its application-specific integrated circuits and more, on Thursday delivered guidance ahead of expectations at a time when investors have gotten more cautious about the AI chip sector. While industry giant Nvidia Corp. NVDA delivered better-than-expected results and guidance last week, its stock went on to record its worst post-earnings drop in years, as investors seemed to be looking for more oomph.
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