Will Higher Semiconductor Revenues Help AVGO Beat Q4 Earnings?

Broadcom’s (AVGO) fourth-quarter fiscal 2024 results, set to be reported on Dec. 12, are expected to reflect the benefits of expanding Artificial Intelligence (AI) and Generative AI offerings.AVGO’s Semiconductor segment revenues are expected to have benefited from strong demand for custom AI accelerators, AI networking solutions, Ethernet switching, optical lasers, thin dies, PCI Express switches and Network Interface Cards from hyperscale customers. The Zacks Consensus Estimate for Broadcom’s fiscal fourt ...