Broadcom reports 3Q profit surge on AI chip, networking demand
Broadcom said third-quarter profit rose to $13.09 billion, or $2.68 a share, as AI-driven revenue growth was propelled by demand for its artificial-intelligence chips and networking technology.
By Elias SchisgallBroadcom more than tripled its profit as demand for the company's artificial-intelligence chips and networking technology propelled revenue growth in the third quarter.The semiconductor and software company on Wednesday reported a profit of $13.09 billion, or $2.68 a share, in the…