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Broadcom's Artificial Intelligence (AI) Chip Sales Surged 221% to $16.7 Billion Last Quarter: Is the Stock a Screaming Buy Right Now?

Broadcom exceeded its fiscal Q3 guidance by a wide margin.

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China stocks head for weekly loss as AI rally loses steam

SHANGHAI: China stocks rose on Friday but were on track to end the week lower, as a rally in AI shares lost momentum and concerns over higher US yields weighed on global equities. China’s blue-chip CSI300 Index and the Shanghai Composite Index were both up 0.4% by the lunch break. Hong Kong benchmark Hang Seng rose 2.1%.

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