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Broadcom Crushes Q4 with 51% Revenue Surge; AI Business Skyrockets

December 18, 2024
Broadcom Inc. (NASDAQ: AVGO) reported impressive financial results for the fourth quarter of 2024, surpassing expectations with a 51% surge in revenue. The company's strong performance was primarily driven by its rapidly growing artificial intelligence (AI) business, which experienced a significant boost in demand. Analysts are growing more bullish on Broadcom's AI potential, contributing to the soaring stock prices. Investors should consider seeking professional advice from Stocks Prognosis to make informed decisions regarding the future movement of AVGO shares.
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