Broadcom Inc Stock Price, News & Analysis

Broadcom (NASDAQ:AVGO) has introduced Jericho3-AI, a revolutionary Ethernet fabric designed for AI networks, which enhances performance across 32,000 GPU clusters. Launched amidst a surge in AI spending, projected to hit $154 billion in 2023, Jericho3-AI boasts features like perfect load balancing and Zero-Impact Failover, significantly decreasing job completion times by 10% compared to competitors. With 26 petabits per second of bandwidth and 40% lower power consumption, it aims to optimize operational costs for AI workloads. The solution is geared to handle larger AI demands, helping network operators improve infrastructure efficiency and capacity.

Broadcom Inc. (NASDAQ:AVGO) has announced the production launch of its Tomahawk 5 family of Ethernet switch/router chips, which is notable for achieving this milestone just seven months after initial sampling. This chip offers an impressive 51.2 terabits/second of switching capacity, effectively doubling the performance of its competitors. Designed to enhance AI/ML infrastructure, Tomahawk 5 supports connections between 256 high-performance accelerators at 200Gbps each, significantly speeding up AI training and inference tasks. Additional features include Cognitive Routing for optimized network routing and fast link failover capabilities.

Broadcom Inc. has launched its BCM85812, a 5nm 100G/lane optical PAM-4 DSP PHY, specifically optimized for 800G DR8, 2x400G FR4, and 800G AOC module applications. This fully integrated PHY delivers superior system performance and power efficiency, reducing power consumption to sub 11W for SMF solutions and sub 10W for MMF solutions. The new product supports optical modules ranging from 800G to 3.2T and is compliant with IEEE and OIF standards. Broadcom will demonstrate this technology at OFC 2023 in San Diego, highlighting its ongoing commitment to innovation in hyperscale data centers.

Broadcom Inc. (Nasdaq: AVGO) reported Q1 2023 revenue of $8.915 billion, up 16% year-over-year, with an adjusted EBITDA of $5.678 billion. Non-GAAP diluted EPS reached $10.33 and GAAP diluted EPS was $8.80. The company generated $3.9 billion in free cash flow, a 16% increase from the previous year, and also returned $1.521 billion to shareholders via share repurchases. For Q2 2023, Broadcom expects revenues of approximately $8.7 billion, reflecting an 8% increase year-over-year.

Broadcom Inc. (NASDAQ: AVGO) announces that it will report its first quarter fiscal year 2023 financial results and business outlook on March 2, 2023, after market close. A conference call will be held at 2:00 PM PT to discuss these results. Investors can preregister for the call and access it via the Broadcom Investors section online. The company continues to be a major player in semiconductor and infrastructure software, serving critical markets such as data centers and networking.

Broadcom Inc. (NASDAQ: AVGO) has unveiled its CA 1 Flexible Storage solution, enabling enterprises to store mainframe data in the cloud or on-premises, enhancing cost-efficiency and security. With storage capacity growing over 27% annually, this solution allows organizations to potentially save up to 95% on costs associated with traditional storage methods. The solution ensures secure, immutable backups to combat ransomware, without impacting operational processes. Existing CA 1 Tape Management customers can access this new feature at no extra cost, reinforcing Broadcom's commitment to innovation in hybrid IT environments.