For the longest time, AVGO was only a so-so stock. In the early 20-teens, prices for the stock then-and-now still known as Broadcom (Nasdaq: AVGO) bounced around in the single-digits, only breaking into the double digits in the second half of the second decade of this century.
The tech integrates 2.5D packaging technology and 3D silicon stacking to usher in the next generation of “superchips” for AI.
When it comes to widely followed Wall Street money managers, Berkshire Hathaway's (BRK.A 0.64%) (BRK.B 0.94%) CEO Warren Buffett is in a class of his own. In the roughly six decad
Decades of cloud systems and information technology (IT) expertise could propel this artificial intelligence (AI) specialist to new heights.
SoftBank-backed Qraft Technologies has three AI-powered exchange-traded funds, including its momentum fund AMOM.
Broadcom's recent fiscal performance underscores its resilience, with AI-related revenue driving better-than-expected fourth-quarter results. The company anticipates $14.6 billion in revenue and an EBITDA margin of approximately 66% for the upcoming quarter, cementing its position alongside NVIDIA Corp NVDA in the AI infrastructure race.
Let's talk numbers, because Broadcom's fiscal 2024 results are jaw-dropping. Revenue soared 44% to a record $51.6 billion, with AI leading the chargea staggering 220% jump in AI revenue to $12.2 billion.
Nvidia supplies leading hyperscalers with AI chips, but Broadcom's latest sales figures may not bode well for the company.
Ultra Accelerator Link Consortium (UALink) on Tuesday said that Alibaba Cloud, Apple, and Synopsys have been elected to its board of directors, which allows the companies to influence development of UALink,
Investing.com -- Citi analysts assessed the impact of potential new U.S. government AI chip shipment restrictions on Broadcom (NASDAQ: AVGO) Inc., emphasizing that while the sanctions could pose a risk, the company's overall AI-driven growth is likely to mitigate these challenges.
Analyst N. Quinn Bolton notes 2024's divergence in fortunes for semiconductor companies exposed to different end markets. AI stocks outperformed.