Broadcom Stock Jumps On $10 Billion Buyback Authorization
AVGOBroadcom shares are rising in Monday's after-hours session after the company announced a $10 billion buyback.
Broadcom shares are rising in Monday's after-hours session after the company announced a $10 billion buyback.
Analyst Vivek Arya met with optical and networking component vendors at OFC conference. Optical innovations drive growth, CPO not a major concern.
Samsung Electronics turns to Chinese tech groups to boost semiconductor division after struggling to secure US customers. Exports to China rise 54% amid US sanctions.
Alphabet Inc.'s Google is working on increasing AI and computing resources to support its growing range of applications.
Super Micro Computer, Inc. (NASDAQ: SMCI) has reportedly become the second most shorted in the technology hardware and equipment industry.
Benjamin Netanyahu, the Prime Minister of Israel, announced the cancellation of all customs duties on U.S. products, aiming to strengthen the alliance between the two nations.
Intel's shares have fallen nearly 50% over the past year, but the company has taken a significant step forward by announcing that its 18A process node has entered risk production, a crucial phase in its effort to regain semiconductor leadership.
Intel CEO Lip-Bu Tan announced a cultural overhaul aimed at cutting bureaucracy and attracting talent, while signaling support from the Trump administration to help the company strengthen its semiconductor leadership.
Former TSMC executive Chiang Shang-Yi says Intel is no longer a chip industry leader and should stop chasing cutting-edge nodes, instead merging with mature chipmakers like UMC or GlobalFoundries to stay competitive.
Intel Corporation (NASDAQ: INTC) is undergoing strategic shifts under new CEO Lip-Bu Tan, making ETFs with significant Intel holdings a potential investment opportunity.
Intel is continuing its leadership overhaul under new CEO Lip-Bu Tan, with three board members set to exit.
Broadcom teams up with Audi to launch the Edge Cloud 4 Production initiative powered by VMware software, aiming to improve factory automation and reduce hardware and manual operations.
Broadcom shares are trading lower by 5.2% Wednesday afternoon. Shares of chip stocks are trading lower amid overall market weakness, which may be due to tariff volatility.
Broadcom announced enhancements to VMware vDefend, offering improved security planning, streamlined management, and scalability for VCF users. These updates have already shown a 40% decrease in cyber breach risk and 25% decrease in security costs.
Broadcom (AVGO) expands its 200G/lane DSP PHY portfolio with Sian3 and Sian2M, addressing the growing demands for connectivity in AI/ML clusters. These advancements offer optimized power management and cost efficiency for 800G and 1.6T optical transceivers.
A significant trading signal occurred for Broadcom stock, as it demonstrated a Power Inflow at $192.17, after which AVGO rose up to 3.2%.
Nvidia GTC kicking off today, laying groundwork for AI and semiconductor excitement. ETFs may see momentum, as in past GTCs, with increased AUM and top-performing funds. Chinese companies showcasing at GTC may affect U.S.-China AI rivalry and ETF performance.
Broadcom Inc (NASDAQ:AVGO) shares are trading lower Monday following reports indicating that Alphabet Inc (NASDAQ:GOOG) is preparing to partner with MediaTek.
Wall Street sees steepest weekly drop in months due to trade uncertainty and Fed's cautious stance on rate cuts. A few ETFs emerged as top performers with leveraged strategies and sector-specific trends.
ServiceNow Inc (NYSE: NOW) is set to purchase AI firm Moveworks for $3 billion. Moveworks provides AI assistants for companies like Broadcom.
AVGO analysts highlight AI growth, recovery of non-AI segments, and new XPU customers. Expect continued strength in AI semiconductor revenue.
Shares of Broadcom Inc. (NASDAQ: AVGO) climbed 12.6% during the pre-market trading session on Friday following the company's first quarter earnings and revenue beat.
Broadcom CEO Hock Tan dismissed Intel acquisition speculation, stating that the company is focused on AI and VMware, despite reports suggesting Broadcom and TSMC are exploring a potential Intel business split.
The U.S. stock market slid today, with the Nasdaq Composite tumbling over 489 points to 18,069.25, a drop of 2.6%.
Broadcom reportsnfirst-quarter revenue of $14.92 billion, beating analyst estimates of $14.61 billion, according to Benzinga Pro.