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Broadcom Inc., has reached a $1 trillion market valuation for the first time, fueled by surging demand for its AI chips.
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AI emerged as a centerpiece of Broadcom's strategy, generating $3.7 billion in revenue during the quarter—a 150% increase year-on-year—and representing a substantial portion of semiconductor sales.
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Stock-split euphoria took over Wall Street in 2024, and two brand-name companies could continue this trend in the new year.