Broadcom also predicted that the addressable market for AI components that it designs for data center operators would reach as high as $90 billion by fiscal 2027.
Broadcom's $1 trillion valuation is driven by strong earnings growth, AI segment booming, semiconductor growth, and future ...
Futures tracking the Dow Jones Industrial Average rose 63 points, or 0.1%, putting the index on course to snap a six-day losing streak. Futures for the benchmark S&P 500 climbed 0.2% and contracts ...
Shares of Broadcom soared 14 per cent on Friday, with the chipmaker moving closer to $1 trillion in market value after it ...
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales ...
One analyst noted that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing ...
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Nvidia should see strong demand continue as its Blackwell AI processor ramps up, but market attention is turning to custom, ...
The Magnificent Seven stocks are once again masking some flat to downward-trending performance in the broader market. Whether ...
NASDAQ managed to gain some ground as demand for tech stocks remained strong. Broadcom, which gained 24.7%, was the biggest ...
The company was on track to add around $120 billion to its market value of $843 billion, based on premarket share movements, ...
Nvidia's stock is off 2.3% and AMD's is down 3.2%. Broadcom on Thursday forecast a serviceable addressable market of $60 billion to $90 billion for fiscal 2027, based on its current base of hyperscale ...