Shares of semiconductor giant Broadcom (NASDAQ: AVGO) were up Friday, gaining 2.7% as of noon ET, but were up as much as 3.6% earlier in the day. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1% and 1.
The tech integrates 2.5D packaging technology and 3D silicon stacking to usher in the next generation of “superchips” for AI.
Artificial intelligence (AI) is driving the highest gains in the market, and several of the largest companies in the world today by market cap are only there because of AI. In fact, the five most valuable companies in the world are all making major inroads into AI,
When it comes to widely followed Wall Street money managers, Berkshire Hathaway's (BRK.A 0.64%) (BRK.B 0.94%) CEO Warren Buffett is in a class of his own. In the roughly six decad
SoftBank-backed Qraft Technologies has three AI-powered exchange-traded funds, including its momentum fund AMOM.
Let's talk numbers, because Broadcom's fiscal 2024 results are jaw-dropping. Revenue soared 44% to a record $51.6 billion, with AI leading the chargea staggering 220% jump in AI revenue to $12.2 billion.
Nvidia supplies leading hyperscalers with AI chips, but Broadcom's latest sales figures may not bode well for the company.
Broadcom's recent fiscal performance underscores its resilience, with AI-related revenue driving better-than-expected fourth-quarter results. The company anticipates $14.6 billion in revenue and an EBITDA margin of approximately 66% for the upcoming quarter, cementing its position alongside NVIDIA Corp NVDA in the AI infrastructure race.
Dell Apex as well as Nvidia’s expanding AI portfolio. No. 5: Drive Services Margin Our bet is really taking our services to market in a big way this year. What you just heard from Broadcom, that ...
Ultra Accelerator Link Consortium (UALink) on Tuesday said that Alibaba Cloud, Apple, and Synopsys have been elected to its board of directors, which allows the companies to influence development of UALink,
For the longest time, AVGO was only a so-so stock. In the early 20-teens, prices for the stock then-and-now still known as Broadcom (Nasdaq: AVGO) bounced around in the single-digits, only breaking into the double digits in the second half of the second decade of this century.
In the high-tech universe, there is a single common road that top-flight companies like Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Qualcomm (NASDAQ: QCOM), Broadcom (NASDAQ: AVGO),