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Broadcom hits record quarter, secures reportedly US$10B AI chip deal for 2026

Broadcom posted record earnings for the third quarter of fiscal 2025, topping Wall Street forecasts on revenue and profit, and disclosed a custom AI chip order exceeding US$10 billion from an undisclosed client. The deal is expected to materially lift its AI outlook in fiscal 2026, alleviating investor concerns over a potential slowdown.

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