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Broadcom Stock Pops Postmarket After Reporting Jump in Revenue
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Broadcom shares jumped 9% Thursday postmarket after the company reported a surge in first-quarter revenue. Chief Executive Hock Tan said that Broadcom’s AI revenue jumped 77% year-over-year to $4.1 billion during its most recent quarter. Shares of Broadcom were down about 23% this year through Thursday’s close.
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