Predicting the winners of this week’s football matchups.

A plunging Adobe and rising Treasury yields weighed on the major indexes Thursday.

(Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster growth. Most Read from BloombergHong Kong’s Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamProfit was $1.42 a share in the per

Broadcom delivers upbeat guidance as AI-related revenue soars

Broadcom forecast its first-quarter revenue above Wall Street estimates on Thursday, betting on booming demand for its custom artificial intelligence chips and networking gear from cloud providers doubling down on GenAI infrastructure adoption. The company forecast revenue of about $14.6 billion for the first quarter, compared with analysts’ average estimate of $14.57 billion according to data compiled by LSEG.

Broadcom forecasts first-quarter revenue above estimates

In artificial intelligence (AI) news this week, new partnerships highlight intensifying competition in enterprise AI infrastructure. Oracle’s cloud

Broadcom delivers exceptional Q4 performance with $14.05B revenue, fueled by massive AI growth and strong infrastructure gains. See full financial highlights and FY25 outlook.