Broadcom sees $10 billion in AI chip sales in 2024, but shares dip

Broadcom sees $10 billion in AI chip sales in 2024, but shares dip

The Star Online - Tech·2024-03-08 11:01

(Reuters) -Broadcom said on Thursday it expects $10 billion in revenue from chips related to artificial intelligence this year, but its stock dipped after the tech company's full-year forecast failed to impress investors.Smaller rival Marvell Technology's forecast revenue below market expectations, sending its stock down over 6% in extended trading.

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