Broadcom Soars on AI Surge and Stellar Q4 Results

On December 13, 2024, Broadcom's shares leaped 14% after forecasting a 65% rise in AI product sales for Q1 2025 and projecting its AI market to hit $90B by 2027. CEO Hock Tan celebrated a 220% AI revenue boost last year, driven by data centers and collaborations with Apple. Q4 earnings dazzled with $14.05B revenue and $4.32B net income, thanks to VMware integration. Despite some chip demand hiccups, Broadcom remains optimistic, leaving investors both amused and confident.