Broadcom’s stock soars as earnings call offers a bold AI forecast

The artificial-intelligence portion of Broadcom Inc.’s semiconductor business grew 220% last fiscal year, helped by momentum in custom accelerators and Ethernet networking — and the company says it’s poised to head even higher in the years to come.

AI sales within the semiconductor segment amounted to $12.2 billion last fiscal year, a figure Broadcom

AVGO disclosed alongside its fiscal fourth-quarter earnings on Thursday.