Broadcom stock rocketed Friday after the fabless chipmaker forecast surging AI chip sales over the next three years. AVGO stock broke out.
Shares of Broadcom popped more than 21% Friday, pushing the company's market cap beyond $1 trillion for the first time.
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.
Broadcom backed up Nvidia's projections that large technology companies have an appetite for building data centers with up to 10 times as many AI chips as ...
The Dow Jones Industrial Average and other major indexes traded mixed Friday. An early earnings winner on the stock market today was artificial intelligence ...
Broadcom shares topped the $1 trillion level, in terms of market value, in early Friday trading.
Stocks were slightly lower Friday afternoon, putting the S&P 500 and Nasdaq Composite on track to snap their three-week winning streaks.
The semiconductor and networking specialist offered the clearest proof yet that the artificial intelligence (AI) revolution is going strong.
One analyst notes that the type of AI chip Broadcom makes could pick up market share relative to โcostlyโ graphics processing units.
By Emily Bary. Analysts find things to nitpick in Broadcom's earnings but note major resonance in AI. Broadcom Inc.'s stock is on track for its best day on ...
Broadcom shares rocketed higher Friday, a day after the company's fiscal fourth-quarter results topped expectations, leading several analysts to raise their ...
(Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after ...
By Emily Bary. Analysts find things to nitpick in Broadcom's earnings but note major resonance in AI. Broadcom Inc.'s stock sealed its best day on record ...
The S&P 500 finished flat on Friday, Dec. 13, 2024, as attention shifted toward next week's Federal Reserve decision on interest rates.
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The semiconductor and networking specialist offered the clearest proof yet that the artificial intelligence (AI) revolution is going strong.
Broadcom shares soared after the chipmaker topped sales and profit forecasts as AI sales surged. Shares of server maker Super Micro Computer fell as concerns ...
In fiscal Q4, the chipmaker continued to experience powerful demand for its products for AI data centers, including custom AI chips and Ethernet networking ...
(Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after ...
Broadcom CEO Hock Tan wants some of Jensen Huang's limelight. Stock of the chip and software firm rocketed 24% on Friday, the day after Tan claimed that the ...