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Broadcom can grow AI revenues at a 30-35% CAGR says BofA

By Yahoo! Finance   |   Nov 5, 2024 at 12:22 PM EST
Broadcom can grow AI revenues at a 30-35% CAGR says BofA

Bank of America analysts predict strong growth in Broadcom Inc.'s AI revenues, expecting a 30-35% CAGR. Despite lowered fiscal 2025 earnings due to seasonal factors, the company's leadership in AI and networking positions it for success.

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