The company will carry out a 10-for-1 forward stock split, in a bid to make its shares more affordable for retail investors. Broadcom manufactures advanced networking chips that help move around vast amount of data used by AI applications such as OpenAI's ChatGPT, making it one of the beneficiaries of businesses heavily investing in the booming technology. Broadcom recorded revenue of $3.1 billion from AI products during the second quarter.
Marvell s Q1 Struggles in Other Divisions Outweigh AI, Data Center Growth
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Mastering communications across the earnings cycle
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Kohl s Tumbles on Surprise Loss, Lowered Guidance
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