...January 13, 2025 - Broadcom Inc. generated solid operating results in fiscal 2024 as significant AI tailwinds more than offset weak non-AI semiconductor businesses. We now expect growing and sustainable AI business to drive solid revenue growth near 18% in fiscal 2025 and 13% in fiscal 2026, further improving its margin and leverage profile. - We believe Broadcom remains interested in acquisitions, but rapidly growing scale has enhanced its ability to absorb large deals without impacting its ratings. We also do not expect the company to enter into a sizeable transaction over the next one to two years given the unfavorable global regulatory environment. - Therefore, we raised our long-term issuer credit rating on Broadcom to '###+' from '###' and all issue-level ratings on the company's outstanding debt to '###+' from '###'. - The positive outlook reflects our expectation that Broadcom's operating performance will continue to improve over the next one to two years as AI-related tailwinds...
