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Broadcom shares rise 3.2% as JPMorgan sees AI trade recovery

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  • Broadcom shares rose nearly 3.2% as JPMorgan backed an AI-trade recovery.
  • Broadcom reported $16.7 billion in fiscal-third-quarter AI semiconductor revenue, up 221% year over year.
  • Management expects fourth-quarter AI chip revenue to reach $21.7 billion.
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Broadcom shares rise 3.2% as JPMorgan sees AI trade recovery - CoinPost Terminal