Broadcom rises after upbeat quarterly revenue forecast

** Shares of networking and custom AI chipmaker Broadcom AVGO rise 3.3% to $316.33 in extended trade

** AVGO sees Q4 revenue of $17.4 billion, ahead of estimates of $17.01 billion, according to data compiled by LSEG

** "We expect growth in AI semiconductor revenue to accelerate to $6.2 billion in Q4, delivering eleven consecutive quarters of growth, as our customers continue to strongly invest" — CEO Hock Tan

** Posts Q3 revenue of $15.95 billion, surpassing estimates of $15.83 billion

** AVGO has risen 32% YTD