ai-chipmaker-broadcom-shares-soar-14%-despite-mixed-quarterly-results-—-here’s-why
Earnings

AI chipmaker Broadcom shares soar 14% despite mixed quarterly results — here’s why

A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021.

Justin Sullivan | Getty Images News | Getty Images

Broadcom shares soared Thursday after the chipmaker demonstrated strong profitability in its fourth quarter and provided a slew of upbeat updates on its artificial intelligence business — a mix so good that investors looked past a minor sales miss.

Source: www.cnbc.com