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Broadcom’s Networking Guidance Is Good News for Intel and NVIDIA

Puja Tayal
Broadcom’s Networking Guidance Is Good News for Intel and NVIDIA

Broadcom (AVGO) slashed its full-year fiscal 2019 revenue guidance for its Semiconductor Solutions segment by 10%, or $2 billion, dampening hopes of a revival in the second half. However, the company experienced strong demand in its networking business and expects revenue in this segment to grow in the double digits in fiscal 2019.