Broadcom’s AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say
Broadcom’s AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say Broadcom Inc (NASDAQ:AVGO) stock surged Friday after it reported better-than-expected fourth-quarter adjusted EPS results and raised its quarterly common stock dividend. The company reported a topline of $14.05 billion, up from $9.3 billion, compared to the analyst estimate of $14.57 billion. EPS of…