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.
Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably ...
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival ...
1don MSN
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, ...
Uncertainty about the impact of new U.S. tariffs weighed on stocks, along with worries about tightening chip export curbs, ...
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to ...
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