Now, Broadcom needs to prove it can stick around and become another giant in the age of artificial intelligence.
Broadcom's stock price has surged 38% in two trading days since the results were released, pushing the company's market value to nearly $1.2 trillion.
So far this year, Broadcom has risen by more than 126%, and is expected to achieve its best annual performance since its listing in 2009, while Nvidia has risen by more than 166%.
At the heart of the stock's rally is Broadcom's forecast that the netherlands phone number list addressable market for the artificial intelligence components it designs for data center operators will reach $90 billion by fiscal 2027.
However, Broadcom still has a lot of work to do to achieve this.
As Broadcom's stock price soared, several Wall Street firms also raised their target prices and valuations.
However, analysts have raised Broadcom's average price target by 19% since the results were released, according to data compiled by Bloomberg, but have still failed to keep pace with the rise in its stock price.