Financial Report Preview | Strong demand for AI chips Broadcom (AVGO.US) is expected to achieve double profit growth in Q2

According to the Wisdom Financial APP, Broadcom (AVGO.US) will announce its second quarter financial results after the US stock market on Thursday. The market expects strong demand for artificial intelligence (AI) chips to drive the company's revenue and profit growth. Analysts on average expect Broadcom's Q2 revenue to be $15.02 billion, an increase of 20% year-on-year; adjusted net profit to be $7.8 billion, higher than the $5.39 billion in the same period last year. Revenue from the artificial intelligence business is expected to increase by 42% year-on-year and 7% quarter-on-quarter, reaching $4.42 billion.