Broadcom forecasts second-quarter revenue above estimates By Investing.com

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Broadcom forecasts second-quarter revenue above estimates

Published Mar 02, 2023 16:32

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(Reuters) - Broadcom (NASDAQ:AVGO) Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spurs demand for its chips used in data centers.

The chip designer expects current-quarter revenue to be about $8.7 billion, while analysts on average expect $8.59 billion, according to Refinitiv data.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

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