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Broadcom Emerges as Top S&P 500 Performer with AI-Driven Surge
Broadcom Emerges as Top S&P 500 Performer with AI-Driven Surge
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Broadcom Inc. (AVGO) has outpaced the S&P 500 with a 20% weekly rally, fueled by record earnings and a $10 billion AI order from OpenAI. The semiconductor giant’s Q3 revenue soared 63% to $5.2 billion in its AI segment, with projections hitting $6.2 billion next quarter. Its market cap now nears $1.6 trillion as it rivals Nvidia in AI infrastructure dominance.
Analysts attribute the momentum to Broadcom’s VMware integration and blue-chip clientele—Alphabet, Meta, and ByteDance—now augmented by OpenAI’s landmark deal. The company’s $17.4 billion Q4 revenue forecast underscores its diversified strength beyond chips, including enterprise software.
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