Growth at the cost of profitability! Broadcom CEO Tan curtails the euphoria of strong quarterly numbers!
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Record quarter thanks to AI: Broadcom increased revenue in Q2 by 48% to $22.19 billion, driven by a surge in AI semiconductor sales to $10.8 billion Margin pressure from product mix: Despite operational success, the rapid growth of custom AI chips is putting pressure on gross margins Technical innovations: With new Wi-Fi 8 and 50G-PON platforms, Broadcom positions itself at the intelligent edge AI to ensure latency in the millisecond range. The relentless struggle for high valuation premiums in the semiconductor sector has claimed a...
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