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from24/7 Wall St.
5 months ago

Broadcom Reports Strong AI Revenue Surge but Shares Drop on Guidance Warning

The numbers looked solid on the surface. Q4 revenue hit $18.02B, topping the $17.49B estimate, while adjusted EPS of $1.95 beat the $1.87 consensus. AI semiconductor revenue surged 74% year over year, and management guided Q1 revenue to $19.1B, well above the $18.27B Street estimate. Tan projected AI chip sales would double to $8.2B next quarter. But CFO Kirsten Spears flagged a problem that sent the stock lower.
Artificial intelligence
Artificial intelligence
fromFortune
8 months ago

Two mystery customers alone were responsible for nearly 40% of Nvidia's quarterly revenue

Two anonymous customers accounted for 39% of Nvidia's Q2 revenue, increasing customer concentration risk despite strong earnings and dominant AI-GPU market share.
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