Broadcom (AVGO) News & Analysis

Broadcom stock rocketed Friday after the fabless chipmaker forecast surging AI chip sales over the next three years.
The post Broadcom Stock Soars On Massive AI Chip Opportunity appeared first on Investor's Business Daily.

As of 8:50 a.m. ET, Nasdaq Futures are pointing to a strong day. The big news was a raucous earnings call from Broadcom (Nasdaq: AVGO). We profiled the earnings call last night in a live blog, which you can read here if you want to discover more details. However, the bottom line is that Broadcom forecasts AI spending […]

The post Stock Market Today: Nasdaq Composite Soars After Broadcom (AVGO) Earnings appeared first on 24/7 Wall St..

Strong results spark broader rise in US tech stocks

Shares of Broadcom were soaring Friday following a bullish forecast on sales of artificial-intelligence chips, putting the company on the cusp of becoming the next member of the trillion-dollar club.

Broadcom CEO Hock Tan gave investors a bullish outlook on the group’s potential market for AI chip and networking sales.

We’re still near all-time highs on the major indexes, so taking a breather with less-than-stellar economic prints seems perfectly reasonable.

Broadcom Inc. (AVGO) delivered earnings and revenue surprises of 2.16% and 0.06%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

For its fiscal first quarter, Broadcom expects revenue of $14.6 billion, up from a reported topline performance of $11.96 billion for the year-ago period.

Broadcom delivered roughly in-line results for its fiscal fourth quarter, helped by strong sales of AI processors and networking chips.
The post Broadcom Stock Rises On Reassuring Q4 Results, Fueled By AI Chip Sales appeared first on Investor's Bu…

Broadcom (Nasdaq: AVGO) is reporting earnings after the bell. We’ll be updating this live blog tracking Wall Street’s reactions to the earnings, how they compare to expectations, and conference call commentary from the company. This is a live blog, please refresh for further updates as earnings are released and the company hosts its conference call. Expectations […]

The post Live Updates: Will Broadcom (AVGO) Soar After Tonight’s Earnings? appeared first on 24/7 Wall St..

Broadcom will be join the increasingly important custom AI chip industry in this new deal with Apple

These are the stocks posting the largest moves in midday trading.

Broadcom stock approached a buy point following news reports that the fabless chipmaker is designing an AI server chip for Apple.
The post Broadcom Stock Nears Buy Point On Apple AI Server Chip News appeared first on Investor's Business Daily.

Right now, NVIDIA (Nasdaq: NVDA) has a dominant market share in AI chips. Companies like Broadcom (Nasdaq: AVGO) and Marvell (Nasdaq: MRVL) challenge them making custom chips while Advanced Micro Devices (Nasdaq: AMD) provides competition in GPUs. Yet, NVIDIA’s market share is widely quoted at more than 70% of all AI chips. One competitor of interest is Cerebras. The company makes ‘Wafer Scale […]

The post Red-Hot AI IPO Cerberas Claims Chips are 20X Faster Than NVIDIA (NVDA) appeared first on 24/7 Wall St..

Broadcom’s fourth-quarter fiscal 2024 results are expected to reflect the benefits of expanding AI and Generative AI offerings.