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Broadcom expects fiscal 2020 to be a good year for networking and RF chip sales. But it forecasts a major drop in its "mixed-signal custom" wireless chip sales to Apple.
Market players are relieved to finally have this uncertainty at least partially resolved, but will it bring new highs or trigger profit-taking by traders who have been anticipating the news.
The GPU giant remains upbeat about cloud demand, and downplays the impact of Intel CPU shortages on its gaming GPU sales.
A key component to their long-term success is esports, especially in China.