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Broadcom shares jump 2.91% as CEO sees durable AI demand

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  • Broadcom shares gained as investors assessed its AI business and Hock Tan’s growth outlook.
  • $357.39 was Broadcom’s share price after a 2.91% rise on Friday.
  • Broadcom expects AI semiconductor revenue of $115 billion in fiscal 2027 and $230 billion in 2028.
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