Key News Facts
Broadcom (NASDAQ: AVGO) expects its AI chip revenue to double in fiscal 2027 and then double again in fiscal 2028, reaching $230 billion, driven by commitments from major clients like Alphabet and Anthropic. The company’s adjusted earnings per share (EPS) are projected to exceed $30 by 2028.
Meta Platforms (NASDAQ: META) has launched its new AI Muse agent, aiming to create additional revenue from processing and affiliate fees. This follows a quarter where Meta reported a 14% increase in ad impressions and a 12% rise in ad prices.
Microsoft’s (NASDAQ: MSFT) Azure revenue rose 43% year over year, backed by a $679 billion backlog of commitments. The company’s enterprise software, including Microsoft 365 Copilot, also saw significant growth, with paid additions doubling and overall commercial revenue increasing by 16% last quarter.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
