Broadcom up after upbeat Q2 revenue forecast

Networking and custom AI chipmaker Broadcom's AVGO.O shares up 3.7% to $329.25 after the bell

AVGO expects Q2 revenue of about $22 billion, above estimate of $20.56 billion, according to data compiled by LSEG

Company sees AI semiconductor revenue of $10.7 billion in Q2

Broadcom says has 'line of sight' to $100 billion in revenue from AI chips in 2027

AVGO reported Q1 revenue of $19.31 billion, up 29%, beating an estimate of $19.18 billion; adj EPS of $2.05 also beat an estimate of $2.03

Stock has fallen over 8% so far this year