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Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend

December 19, 2024
Broadcom Inc., a leading global technology company, has recently released its financial results for the fourth quarter and fiscal year 2024. The company reported a remarkable 51% surge in revenue, driven by the skyrocketing success of its AI business, which experienced a staggering 220% year-over-year growth. This outstanding performance has exceeded market expectations and solidified Broadcom's position as a key player in the industry. In addition to the impressive financial results, Broadcom also announced a quarterly dividend for its shareholders. This positive development showcases the company's commitment to providing value and returns to its investors. With such remarkable achievements, it is no surprise that Jim Cramer, a well-known financial expert, advises investors to hold onto their shares in Broadcom Inc. AVGO. To stay updated on the latest market trends and predictions for AVGO stock, professionals from Stocks Prognosis are highly recommended.
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