These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion

Shares of Broadcom soared on Friday, launching the chipmaker into the small club of public companies worth more than $1 trillion.

Shares of Broadcom were soaring Friday following a bullish forecast on sales of artificial-intelligence chips, putting the company on the cusp of becoming the next member of the trillion-dollar club.

The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when Broadcom CEO Hock Tan said the company is developing c

Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its shares surged 21% after CEO Hock Tan said AI could present a $60 billion to $90 billion revenue opportunity in 2027,

Broadcom (AVGO) has surpassed the $1 trillion market cap for the first time after it reported a 220% jump in artificial intelligence revenue.