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Broadcom Q3 2024 Earnings Summary $AVGO
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Sameer Advani द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Sameer Advani या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
In the latest episode, we dive into Broadcom's impressive Q3 2024 earnings call, where the tech giant reported a remarkable 47% year-on-year surge in net revenue, reaching $13.1 billion. CEO Hock Tan highlighted AI as a key growth driver, with custom AI accelerators soaring 3.5 times compared to last year, pushing projected Q4 AI revenue past $3.5 billion. The success of VMware, with an astounding 200% revenue increase, further underscores the company's strong position in the market. CFO Kirsten Spears reported robust gross margins of 77.4% and a robust free cash flow of $4.8 billion, while forecasting Q4 revenue to hit around $14 billion. With signs of recovery in the non-AI semiconductor sector and a strategic focus on AI infrastructure, Broadcom is set for continued growth and increased profitability. Tune in for in-depth insights and what this means for investors navigating the evolving tech landscape.
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