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Follow on Google News | Broadcom: Data Centers, Networking, and Broadband Performance Ahead of 3Q Earnings"Broadcom is poised to report its fiscal Q3 earnings on September 5th, with strong fiscal Q2 results showing a revenue increase to $9.3 billion and a net income rise to $3.6 billion," noted Dr. Robert Castellano, President of The Information Network and author of the article. "For Q3 2024, Broadcom expects revenues between $8.0 billion and $8.2 billion, with a gross margin forecasted between 65% and 66%, reflecting robust demand and efficient cost management." "The global artificial intelligence (AI) market was valued at approximately $142.3 billion in 2023 and is anticipated to experience remarkable growth, with a compound annual growth rate (CAGR) of over 36%. This growth trajectory is expected to propel the market towards nearly $2 trillion by 2030.," added Dr. Castellano. https://drrobertcastellano.substack.com/ End
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