Broadcom Financial News

04.06 / 16:49

UPS Target CEO Gap awards Broadcom performer CEO pay is rising, widening the gap between top executives and workers. What to know, by the numbers

The typical compensation for CEOs of S&P 500 companies keeps climber higher — and outpacing the wages of average workers today

03.06 / 12:01

markets UPS CEO Gap economy awards Broadcom CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

CEOs got rewarded as the economy showed remarkable resilience, underpinning strong profits and boosting stock prices. After navigating the pandemic, companies faced challenges from persistent inflation and higher interest rates. About two dozen CEOs in the AP's annual survey received a pay bump of 50% or more.

23.05 / 10:29

markets CEO NVIDIA Research Micron Broadcom Trade Nvidia shares rise as blowout revenue forecast cements AI lead

Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market. The company's stock rose 6.5% in premarket trading, with rival AI-related chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2% and 3%.

21.05 / 17:27

CEO Platform Enterprise Barcelona NVIDIA DELL Broadcom Broadcom acquisition of VMWare creating a storm of uncertainty, risk: Nutanix CEO

Broadcom acquisition of VMWare is leading to uncertainty and risk amongst enterprises, Nutanix's CEO Rajiv Ramaswami said on Tuesday at the hybrid multicloud computing player's annual .NEXT conference, which is being held in Barcelona. «We've got to deal with the elephant in the room here,» Ramaswami said while delivering his keynote address. «The Broadcom acquisition (of VMWare) is creating a major storm of uncertainty and risk that you all (industry and clients) have to deal with. I have spoken to you over the last year, many of you, about the challenges and the risks here of navigating a new vendor reality. What I can tell you is that we are here to help you navigate this storm.»

09.04 / 12:27

Google Platform NVIDIA Broadcom President performer Schools Google unveils Arm-based data center processor, new AI chip

Google on Tuesday revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based based central processor. Why it's important

21.03 / 17:16

UPS FIVE Apple Micron Broadcom Trade Sporting Micron, Broadcom rise; Five Below, Designer Brands fall, Thursday, 3/21/2024

Stocks that are trading heavily or have substantial price changes on Thursday: Micron, Broadcom rise; Five Below, Designer Brands fall

11.03 / 15:33

markets Platform coinbase Boeing NVIDIA Broadcom inflation data World markets today: US stocks dip as investors await inflation data

ALSO READ: Wall Street week ahead: Stock market investors to keenly watch for Feb inflation data Shares of Microsoft fell 0.8 per cent, Amazon shed 1.0 per cent, Nvidia lost 0.7 per cent, Advanced Micro Devices and Broadcom slid close to 2 per cent each, and Boeing dropped 2.2 per cent. Cryptocurrency and blockchain-related companies, including Coinbase Global, Riot Platforms and Marathon Digital, climbed between 2.7 per cent and 2.9 per cent, as Bitcoin struck a fresh record high at $72,234 on Monday. The yield on the 10-year Treasury rose to 4.09 per cent from 4.08 per cent late on Friday.

08.03 / 22:21

markets UPS NVIDIA Broadcom show reports Stock Market Today: S&P 500 snaps 2-week win streak as Nvidia nosedive dents tech

Investing.com — The S&P 500 snapped a two-week win streak Friday, on an abrupt halt in Nvidia's record run and a mixed labor market report showing that more jobs were created in February, but the unemployment rate unexpectedly ticked up as layoffs picked up pace last month.

08.03 / 13:25

markets Gap Enterprise Marvell DocuSign Broadcom reports Costco, Marvell, MongoDB fall premarket; Gap, DocuSign rise

Investing.com — U.S. futures steadied Friday, as investors awaited the release of the key monthly jobs report for clues as to when interest rate cuts are likely to occur.

08.03 / 12:29

markets Apple Software NVIDIA Marvell wellness Broadcom Unless You’re Nvidia, the AI Chip Business Is Complicated

Investors have been treating Broadcom like the next Nvidia. They forgot about the iPhone. Broadcom’s market value has more than doubled over the past year, and its stock has been the third-biggest gainer on the PHLX Semiconductor Index in that time behind Nvidia and Advanced Micro Devices.

08.03 / 05:43

markets Google Software Marvell Broadcom Trade Meta Platforms reports Broadcom sees $10 billion in AI chip sales in 2024, but shares dip

Broadcom said on Thursday it expects $10 billion in revenue from chips related to artificial intelligence this year, but its stock dipped after the tech company's full-year forecast failed to impress investors.Smaller rival Marvell Technology's forecast revenue below market expectations, sending its stock down over 6% in extended trading. Both companies are being closely watched by investors who believe they will capture a piece of the boom in AI technologies such as OpenAI's ChatGPT or Google's Gemini.

07.03 / 23:59

markets Provident Software Enterprise Marvell Broadcom Trade Broadcom revenue beats estimates as AI powers demand, investors still unimpressed

By Max A. Cherney and Arsheeya Bajwa

07.03 / 22:21

Software Broadcom Trade reports Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand

Investing.com — Broadcom reported Thursday fiscal first-quarter results that topped Wall Street estimates on AI-led chip demand and growth in its software business was bolstered the acquisition of VMware (NYSE:VMW).

07.03 / 22:09

Gap Marvell wellness DocuSign Broadcom electronic reports After-hours movers: Marvell sinks, DocuSign and Gap rise

After-Hours Stock Movers:

04.03 / 13:27

Target DOW JPMorgan Broadcom reports Dow Jones, Nasdaq, S&P 500 weekly preview: Q4 earnings enter final stretch

Investing.com -- The S&P 500 notched yet another record high last week, closing above the 5,100 mark for the first time ever. The Nasdaq Composite index also touched a new all-time high, exceeding its previous peak from 2021. The tech-oriented Nasdaq rose more than 1.1% on the day, surging as high as 16,302, before closing at 16,274. Meanwhile, the Dow Jones Industrial Average added 90.99 points, or 0.23%, to 39,087.38.

04.03 / 11:25

markets ETF Gap Apple Broadcom trends band Stocks Week Ahead: Powell, Jobs Data on Tap as Nasdaq 100 Eyes 18,450 Hurdle

A lot is happening this week with key data and earnings in the offing. Powell, the ECB, and Broadcom (NASDAQ:AVGO) earnings have the potential to be market movers.

29.02 / 18:57

markets Citi NVIDIA Broadcom trends AMD Universities Citi remains 'wildly bullish' on chip stocks

Citi is still «wildly bullish» on semiconductor stocks, based on the current demand trends, the firm stated in a note Thursday.

25.02 / 03:39

Provident CEO security Software Citigroup Broadcom information Broadcom nears $3.8 billion sale of remote access unit to KKR

Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.

22.02 / 02:51

Racing NVIDIA Broadcom Trade reports testing Nvidia stock surges after results, lifts other AI shares

chipmaker's hotly anticipated quarterly report beat estimates and sparked gains in other AI hardware stocks. Nvidia's stock jumped almost 8% after its quarterly outlook exceeded analysts' estimates, along with its January-quarter revenue and profits.

13.02 / 17:58

Target NVIDIA Broadcom AMD NVDA reports Mizuho sees 'substantial AI upside' for Nvidia, AMD and Broadcom

Analysts at Mizuho raised their price targets for AI-related stocks NVIDIA (NVDA), Broadcom (NASDAQ:AVGO), AMD (NASDAQ:AMD) and Credo Technology Group Holding (NASDAQ:CRDO) in a note this week, saying they expect the companies to report strong earnings.

09.02 / 20:52

markets UPS NVIDIA Marvell Broadcom Meta Platforms Videos Nvidia chases $30 billion custom chip market with new unit

Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans. The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.

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