Broadcom Upgraded After Q4 Reveals $73B AI Backlog and New $1B XPU Order
Broadcom's Q4 earnings reveal a $73 billion AI-related backlog and a $1 billion order from its fifth XPU customer, prompting a buy upgrade with growth-adjusted multiples deemed compelling. Over the trailing twelve months, the company generated $64 billion in revenue (+24% YoY), 77.9% non-GAAP gross margins and $27 billion in free cash flow.
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