Broadcom: Other Than AI And VMware, Rest Of Portfolio Declined By 15%+


  • Broadcom Inc.’s AI business grew by 280% year-over-year in Q2 FY24, with networking products driving growth.
  • The company anticipates AI revenue will reach 25% of group revenue by FY24.
  • Broadcom’s legacy software businesses are a concern, with revenue declining by 15.7% year-over-year in Q2 FY24.

Broadcom headquarters in San Jose, California, United States


I had a “Sell” rating for Broadcom Inc. (NASDAQ:AVGO) in my previous report, highlighting its strong growth in the AI semiconductor business and the issue of holding numerous legacy software businesses. The company released its fiscal

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