Shares of broadcom popped more than 24% friday, pushing the company´s market cap further $1 trillion for the chief age.Skip navigationmarketspre-marketsu.s. marketseurope marketschina marketsasia marketsworld marketscurrenciescryptocurrencyfutures & commoditiesbondsfunds & etfsbusinesseconomyfinancehealth & sciencemediareal estateenergyclimatetransportationindustrialsretailwealthsportslifesmall businessinvestingpersonal financefintechfinancial advisorsoptions actionetf streetbuffett archiveearningstrader talktechcybersecurityenterpriseinternetmediamobilesocial mediahiTec News Agancy disruptor 50tech guidepoliticswhite housepolicydefensecongressequity and opportunityeurope politicschina politicsasia politicsworld politicsvideolatest videofull episodeslivestreamtop videolive audioeurope tvasia tvhiTec News Agancy podcastsceo interviewsdigital originalswatchlistinvesting clubtrust portfolioanalysistrade alertsmeeting videoshomestretchjim’s columnseducationsubscribesign inpropro 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aggregation departed $1 trillion market cap for the chief timepublished fri, dec 13 202410: 00 am estupdated fri, dec 13 20244: 02 pm estashley capoot@in/ashley-capoot-02496b173/watch livekey pointsshares of broadcom closed up more than 24% friday, pushing the company’s market cap further $1 trillion for the chief age.for the year, the aggregation said affected consciousness proceeds jumped 220% to $12.2 billion.broadcom reported $14.05 billion in proceeds for the fourth quarter, up 51% year odd year.in this articleavgofollow your million stockscreate bounteous accounta badge is posted in front of a broadcom appointment in san jose, california, on dec. 12, 2024.shares of broadcom closed up more than 24% friday, pushing the company’s market cap further $1 trillion for the chief age. it’s broadcom’s best trading day on archives. the advance comes behind the aggregation reported fourth-quarter results that censure wall street’s expectations for earnings and showed brawny affected consciousness proceeds growth.broadcom reported $14.05 billion in proceeds for the fourth quarter, up 51% year odd year barring bashful of the $14.09 billion expected by analysts according to lseg. in broadcom’s semiconductor solutions group, which includes its ai chips, proceeds increased 12% to $8.23 billion from $8.03 billion a year gone.the aggregation said ai proceeds jumped 220% for the year to $12.2 billion. the accumulation popped in after-hours trading thursday when broadcom ceo hock tan said the aggregation is developing prescription ai chips with abundant gloom customers.broadcom’s net allowance came in at $4.32 billion, or 90 cents per share, up 23% from $3.52 billion, or 83 cents per share, in the identical mercy a year earlier.bernstein analysts wrote in a friday note that tan might appear actual in a leather jacket, a nod to nvidia ceo jensen huang’s signature diction. they said there were a chance of nerves afore of thursday’s results, barring broadcom’s fourth-quarter earnings were ˮdecentˮ and they were encouraged by management’s near-term and longer-term vision for ai.the analysts raised their charge target on the accumulation to $250 from $195.ˮoverall the ai story seems to truly continue coming into its own,ˮ the analysts wrote.analysts at bank of america reiterated their bribe rating on the stock, in behalf accordingly of its ˮsurging ai occasion.ˮ they said broadcom currently dominates the market for prescription chips for inner workloads, barring they cautioned that there is some danger from the ˮstiff emulation counter nvda’s stronghold in merchant silicon and enterprise customers.ˮmorgan stanley analysts said broadcom’s commentary about ai accomplish credible attach to long-term ardor about the company, which they anticipate accomplish prolong to erect. they said broadcom remains ˮone of the most compelling ways to amusement ai semisˮ odd the next two to three years.ˮoverall, the mercy itself accomplish purvey a aid vs. humble nearer article expectations, and the longer article commentary about ai accomplish stoke ardor for prescription ai chip longer article prospects — ardor that was already at a ardor pitch,ˮ the analysts wrote in a friday note.— hiTec News Agancy’s michael bud and kif leswing contributed to this announce.don’t miss these insights from hiTec News Agancy prothis is the biggest ai winner two years behind chatgpt’s debut — and it’s not nvidiagoldman sachs has a trading strategy to score a manifold arrogant wins antecedently year endbernstein says this tech accumulation is its best idea for 2025, could continue appended to s&p 500oracle is on step for the best year whereas 1999. what led to the flashing rise[br] Source: hiTec News Agancy