Broadcom stock is soaring on AI chip demand and mysterious new customer with $10 billion to spend

Fast Company Innovation Festival Ticket Giveaway—Enter now! LOGIN SUBSCRIBE This figure was a 22% jump year-over-year (YOY) and beat Wall Street's predicted $15.83 billion, according to consensus estimates cited by CNBC. Broadcom anticipates this streak to continue, announcing an expected $17.4 billion in revenue for quarter-four, up from Wall Street's prediction of $17.02 billion. Broadcom also beat estimates for earnings per share, coming in at $1.69 adjusted, rather than $1.65 expected. Subscribe to th ...