Broadcom's second-quarter revenue hits record high

Broadcom released its second quarter results for fiscal year 2025, showing revenue of $15.004 billion, up 20% year-on-year, a record high. Broadcom expects the growth momentum of AI chip sales in fiscal year 2025 to continue into fiscal year 2026. Major customers are increasing spending on AI inference. Non-AI chip sales are close to the bottom, but will recover slowly. Profit margins have narrowed due to customized AI chips.