Broadcom Looks to Defy Chip Slowdown on Data Center, Wireless Strength

The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, Calif., on March 4, 2021. Mike Blake/Reuters

Broadcom Inc forecast fourth-quarter revenue above estimates on Thursday as the semiconductor company expects resilient demand from businesses going digital to help it weather a likely chip industry slowdown.

Shares of the company rose 2.4 percent to $503 in extended trading after third-quarter results also sailed past expectations.