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Gary Black: AVGO rises after AI revenue growth guidance and strong chip demand

Gary Black: AVGO rises after AI revenue growth guidance and strong chip demand
AVGO jumps on strong AI guidance

Gary Black, managing partner and investor at The Future Fund, highlighted that AVGO gained 2 percent in after-hours trading following the company’s guidance on AI-related revenue growth.

AVGO CEO Hock Tan stated on the earnings call that current AI chip demand exceeds what the company is able to ship.

Black has previously commented on large-cap tech risks, noting that META faces potential underperformance due to a $1 trillion trial in California. He has also pointed to the impact of regulatory affairs, stating that a possible multi-billion dollar settlement with state attorney generals could support META shares. These views add to his recent observations on AI-driven trends in the chip sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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