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.
In fiscal Q4, the chipmaker continued to experience powerful demand for its products for AI data centers, including custom AI chips and Ethernet networking ...
Broadcom stock rose as much as 21 per cent to $218.29 after markets opened in New York on Friday, its biggest share-price rally since March 2020.
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 ...
Broadcom shares topped the $1 trillion level, in terms of market value, in early Friday trading.
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.
The Nasdaq composite outperformed with an early gain of around 0.8%, but the index reversed slightly lower near 8:45 a.m. ET. Fellow AI stock Nvidia (NVDA) ...
The semiconductor and networking specialist offered the clearest proof yet that the artificial intelligence (AI) revolution is going strong.
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Shares in the semiconductor giant Broadcom (Nasdaq: AVGO) are urging in early market trading this morning after the company announced its Q4 2024 earnings, ...
Broadcom shares soared 20 per cent in Wall Street trading, sending its market value to $1tn after the chipmaker posted huge gains in artificial intelligence ...
The Dow Jones Industrial Average and other major indexes traded mixed Friday. An early earnings winner on the stock market today was artificial intelligence ...
Stocks were slightly lower Friday afternoon, putting the S&P 500 and Nasdaq Composite on track to snap their three-week winning streaks.
One analyst notes that the type of AI chip Broadcom makes could pick up market share relative to โcostlyโ graphics processing units.
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 ...
The S&P 500 finished flat on Friday, Dec. 13, 2024, as attention shifted toward next week's Federal Reserve decision on interest rates.
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 ...