Broadcom rises after upbeat quarterly revenue forecast

Shares of chip maker Broadcom AVGO.O rise 9.3% to $196.10 in extended trading

Company forecasts Q2 revenue of about $14.9 billion, compared with estimates of $14.76 billion, according to data compiled by LSEG

Company posts Q1 adjusted profit of $1.60/shr vs estimates of $1.49/shr

Company reports Q1 revenue of $14.92 billion, compared with $11.96 billion a year ago

*Shares of competitor chip maker Marvell MRVL.O plunged over 20% after it reported an in-line revenue forecast on Wednesday, disappointing investors who had expected a more substantial beat

As of the last close, stock down 22.60% YTD