AI RevenueBroadcom’s AI-related revenue guidance for FY24 has been raised to $12 billion from $11 billion, reflecting strong demand from hyperscalers.
Networking GrowthEthernet switching revenue has quadrupled year-over-year, underpinned by strong performances from Tomahawk 5 and Jericho3, signaling robust growth in networking.
VMWare IntegrationThe successful integration of VMWare is bolstering Broadcom’s position in the infrastructure software space, with VMware revenue approaching $4 billion per quarter.