networking equipment

Broadcom raises annual AI revenue estimate on demand for custom chips

Broadcom raises annual AI revenue estimate on demand for custom chips

Business
Jessica Roberts

(Reuters) -Chipmaker Broadcom (AVGO) raised its forecast for fiscal 2024 artificial intelligence revenue, citing higher demand for networking equipment and growing orders ...

Cisco lowers annual forecasts on slowdown in new orders

Cisco lowers annual forecasts on slowdown in new orders

Business
Jessica Roberts

By Samrhitha A (Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its ...