AI, Broadcom
Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning. Broadcom’s stock surged more than 12% after-hours.
Broadcom forecasts strong second quarter on upbeat AI chip demand
Broadcom on Thursday forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies looking to process big data, sending its shares up more than 8% after the bell.
Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, soared in late trading after an upbeat forecast ...
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
Broadcom’s stock rose more than 15% in extended trading. The shares had earlier closed at $179.45 in regular New York trading ...
Broadcom ( AVGO -5.61%) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, the S&P 500 index was down 2% at the same point in the day's trading, and ...
Marvell Technology tumbled 16% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave ...
Marvell Technology Inc. shares tumbled the most in more than nine years after the company delivered a revenue forecast that ...
Explore concerns over AI infrastructure spending, market pressures, and Marvell Technology, Inc's potential with 800G PAM & ...
Nvidia (NVDA) and other chip stocks fell in early trading Thursday as the artificial intelligence trade faltered. Shares of the AI chipmaker were down more than 2% in recent trading. Advanced Micro ...
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