Reuters

Apple shares rise after positive sales outlook

By Stephen Nellis (Reuters) -Apple shares rose in after-market trading on Thursday after the company forecast higher sales than Wall Street expected, a sign the company expects iPhone sales to recover as it rolls out artificial intelligence features. Apple executives said they expect sales for the current quarter to rise in the low- to mid-single…

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Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall

Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall

(Reuters) -Chipmaker Broadcom (AVGO) forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment. Despite a sharp rise in orders for its artificial intelligence chips, shares fell nearly 5% in extended trading. The Irvine, California-based company expects revenue of around $14 billion, while analysts polled by LSEG…

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