Broadcom shines
The chip company Broadcom $AVGO (+1,02 %) put in an impressive performance in the first quarter of the 2025 financial year, exceeding analysts' expectations. Revenue shot up to 14.92 billion US dollars, which corresponds to a remarkable increase of 25% compared to the previous year. But that's not all: net profit exceeded expectations, rising from 1.33 billion US dollars to a brilliant 5.5 billion US dollars. Particularly impressive is the turnover in the AI sector, which has literally exploded, growing by an astonishing 77% to 4.1 billion US dollars. For the second quarter, Broadcom is forecasting an increase in turnover to around 14.9 billion US dollars, which significantly exceeds analysts' estimates and is fueling investor sentiment. The future looks bright for this technology giant.
Zurich Airport celebrates record profit
In Switzerland, Zurich Airport attracted attention with a record profit in 2024. Unfortunately, no exact figures were published, but the success speaks volumes. The positive development could be due to an increase in passenger numbers and improved efficiency introduced in recent years. With the upturn in travel, the mood among investors is optimistic. It will be interesting to see how the situation develops and whether Zurich Airport can maintain this positive momentum in the coming years.
ECB lowers key interest rate to 2.5 percent
In European economic news, the European Central Bank (ECB) has caused a stir by lowering its key interest rate to 2.5%. This measure is a direct response to the continuing weak growth in the eurozone, where gross domestic product only grew by 0.1% in the last quarter. A decisive factor here is the uncertainty surrounding the trade conflict with the USA, which is causing many companies to hold back their investments. However, there is light at the end of the tunnel: planned financial packages, particularly in Germany, as well as an increased military build-up in Europe could boost growth and bring a breath of fresh air to the economy.
Sources:
https://www.finanzen.net/nachricht/aktien/flughafen-zuerich-aktie-mehr-umsatz-und-gewinn-14299191