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BROADCOM raised its annual forecast for revenue from chips that help in artificial intelligence (AI) work by 10 per cent on Wednesday (Jun 12) and announced a stock split to take advantage of a rally in its shares this year.
Broadcom's stock rises on strong AI chip sales and improved annual sales forecast - SiliconANGLE
Incremental improvements in the state of the economy ignited a broad-based market rally.
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Broadcom reported better-than-expected revenue for its fiscal second quarter and announced a 10-for-1 forward stock split, sending shares higher in extended trading Wednesday.
Broadcom shares jumped in extended trading Wednesday after the chipmaker reported better-than-expected fiscal second-quarter revenue and announced a 10-for-1 stock split. Monitor these important chart levels.