Chipmaker Broadcom delivers on the metrics that count, proving its an AI winner to own – CNBC

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A sign is posted in front of a Broadcom office in San Jose, California, June 3, 2021.
Justin Sullivan | Getty Images

Broadcom reported better-than-expected fiscal first-quarter results Thursday after the bell. However, management’s failure to increase full-year guidance — considering shares were red hot coming into the release— prompted some profit-taking.

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