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BROADCOM AI STRATEGY
Broadcom's second-quarter revenue misses estimates as competition bitesSecond-quarter revenue came in at $22.19 billion, missing estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphic...
US stocks today: Dow Jones drops over 500 points as Middle East tensions escalateWall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech...
US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jittersUS stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and ...
Qualcomm jumps as optimism on smartphones, AI chips outweigh dismal forecastQualcomm shares saw a significant jump. CEO Cristiano Amon expressed confidence in a smartphone market rebound post the fiscal third quarte...
ETMarkets Smart Talk| Stay invested in US markets despite record highs; diversification remains key: Naveen KulkarniInvestors should remain invested in US markets despite record highs, says Naveen Kulkarni of Axis Securities PMS, citing diversification be...
Qualcomm rises on smartphone rebound hopes, data-center chip pushQualcomm anticipates lower third-quarter earnings but sees a smartphone market rebound. The chip giant is also entering the data center mar...
ETMarkets Smart Talk | India expensive, Taiwan & Korea offer value: Nikhil Advani on global investingIndian equities face rich valuations, prompting investors to look globally. Nikhil Advani of LGT Wealth India highlights opportunities in e...
Broadcom hits $2 trillion valuation: How AI chip surge, Google and Meta deals, and ETF buzz is driving AVGO rallyBroadcom (AVGO) market capitalization surged past $2 trillion, fueled by soaring demand for custom AI chips and cloud networking infrastruc...
From FAANG to BATMMAAN: the new acronym driving global tech investing, says Niteen DongareGlobal investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconducto...
US stocks today: S&P 500, Nasdaq push to closing records on earnings and Middle East optimismUS stocks surged to record highs as the S&P 500 and Nasdaq rallied on strong corporate earnings and hopes of progress in US-Iran negotiatio...
Meta extends custom chips deal with Broadcom to power AI ambitionsAs part of the deal, Broadcom CEO Hock Tan would leave Meta's board and move to an advisory role on its custom chip strategy, the companies...
From OpenAI to Nvidia, tech firms channel billions into AI infrastructure as demand boomsTech giants are making massive investments in artificial intelligence. CoreWeave and Meta have expanded their cloud capacity agreement to $...
Broadcom shares rally on new AI deal, CEO's assuranceThe company on Thursday said it has secured over $10 billion in AI infrastructure orders from a new customer, with CEO Hock Tan forecasting...
Google may collaborate with MediaTek on its upcoming AI chip. What we know so farGoogle is partnering with MediaTek to develop cost-effective AI chips, aiming for a release next year. Meanwhile, Google is also in discuss...
Broadcom shares surge as solid forecast eases demand worries for AI chipsBroadcom is seeing red-hot demand for its custom artificial intelligence chips from cloud computing companies looking for an alternative to...
Warren Buffett has secretly invested in these 3 AI stocks; which are the three stocks? Here are detailsBerkshire Hathaway CEO Warren Buffett has secretly invested in these three artificial intelligence stocks via New England Asset Management ...
Broadcom sees revenue below estimates on weak enterprise spendingIn fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution. Analysts on average were expecting $52.50 ...