(Reuters) – Broadcom forecast fourth-quarter revenue slightly above Wall Street estimates on Thursday, on optimism generative artificial intelligence will keep demand for its AI networking chips solid and an expected boost in sales from Apple iPhone launch.
The chip company expects current-quarter revenue to be about $9.27 billion. Analysts on average expect revenue to be $9.28 billion, according to Refinitiv data.
(Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri)
