Broadcom's AI revenue reached $8.4 billion, growing 106% year-over-year, driven by demand for custom AI accelerators and networking solutions.

Broadcom provides custom AI chips and high-speed networking solutions to connect GPU clusters, with AI revenue of $8.4 billion throughout its latest period growing 106% year-over-year, above forecast.

The company's strong cash generation has enabled it to offer both high-growth technology exposure and consistently growing dividend payouts, with a 13.1% five-year annualized dividend growth rate.

Broadcom was returned by the Zacks Artificial Intelligence Thematic Screen, which features companies involved in AI infrastructure, software, hardware, and applications including automation and diagnostics.