have fallen 12% since the company earlier this month reported solid fiscal Q1 results and boosted its AI revenue outlook for FY’24 .
Semiconductor solutions revenue in FQ1 came in at $7.4 billion and infrastructure software revenue was $4.6 billion . Broadcom is also seeing excellent expansion beyond AI accelerators. The company’s next-generation Tomahawk 5 800G switches, Thor 2 Ethernet NICs, DSPs and optical components are experiencing healthy demand from hyperscaler customers and large-scale enterprises that are deploying AI datacenters.Why You Should Stop Sending Texts From Your Apple iMessage App
For the VMware unit, Broadcom looks for revenue to grow double digits sequentially for the remaining quarters of FY'24. The goal is to continue to upsell VMware customers, with a focus on getting those that are already running their compute workloads with vSphere virtualization tools to upgrade to VMware Cloud Foundation, which is the complete software stack that virtualizes and modernizes customer datacenters.