Broadcom forecasts current-quarter revenue above estimates on cloud strength

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Friday, 09 Dec 2022
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FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

(Reuters) - Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment.

Companies are increasingly investing in the infrastructure needed to support a switch to hybrid work models, giving Broadcom - which makes chips for data centers, routers and Wi-Fi modems - an edge over competitors with more exposure to smartphones and PCs.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHI	0.205	0.205	0.185	0.190	-0.015	-7.32	1,484,664
HSI-PWHV	0.190	0.190	0.170	0.175	-0.020	-10.26	1,424,713
HSI-PWJF	0.145	0.145	0.135	0.140	0.000	0.00	1,157,337
HSI-CWGS	0.150	0.155	0.135	0.145	0.000	0.00	1,146,371
HSI-PWH2	0.155	0.155	0.145	0.145	-0.010	-6.45	1,130,611
HSI-CWGI	0.180	0.190	0.170	0.185	0.005	2.78	861,460
ZETRIX	0.945	0.950	0.915	0.915	-0.030	-3.17	628,679
HSI-CWGX	0.260	0.275	0.250	0.265	0.005	1.92	584,182
TANCO	0.915	0.925	0.910	0.915	0.000	0.00	543,952
NEXG	0.520	0.525	0.515	0.515	-0.005	-0.96	512,781
LCTITAN	0.595	0.715	0.585	0.705	0.110	18.49	409,065
TCHONG	0.895	0.970	0.835	0.865	-0.010	-1.14	348,948
DNEX	0.290	0.310	0.285	0.285	0.000	0.00	336,846
HSCEI-CAA	0.315	0.335	0.315	0.325	0.000	0.00	284,170
HSI-CWIC	0.280	0.295	0.235	0.235	-0.055	-18.97	260,850

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