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Broadcom (AVGO) reported fiscal fourth quarter earnings that topped analyst estimates. Adjusted earnings of $11.06 per share topped expectations of $10.93, whereas income of $9.3 billion was in step with estimates. CEO Hock Tan says the outcomes have been “pushed by investments in accelerators and community connectivity for AI by hyperscalers.” The corporate not too long ago accomplished its acquisition of VMware, which Tan calls “transformational” within the release.
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