Broadcom jumps as upbeat forecast quells AI chip demand worries
Broadcom's shares soared 12% in premarket trading on Friday as the chipmaker's strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell Technology's bleak outlook.
Broadcom Shares Jump as AI Growth Fuels Upbeat Forecast
During a conference call with analysts, Tan said Broadcom was ramping up production of AI chips for hyperscalers — a term that describes giant data center operators. He said the company’s custom semiconductors can be more effective in some cases than general-purpose accelerator chips, the kind of product sold by Nvidia Corp.
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably ...
Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival ...
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The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.
Broadcom (NASDAQ: AVGO) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, ...
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker ...
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
Uncertainty about the impact of new U.S. tariffs weighed on stocks, along with worries about tightening chip export curbs, ...
Perhaps the most surprising part of Marvell Technology 's earnings is that it didn’t surprise investors. The AI semiconductor ...
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