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Broadcom’s VMware strategy drives strong growth despite $2B loss

Broadcom reported a 47% revenue surge in Q3, fueled by its VMware acquisition, generating $3.8 billion from the software giant. However, the company posted a nearly $2 billion loss due to a tax liability. Despite challenges, CEO Hock Tan remains optimistic, projecting $12 billion in AI-related silicon revenue for the year, while forecasting recovery in non-AI markets for Q4 and beyond.

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