:Broadcom's shares closed down 10 per cent on Friday after the chipmaker's tepid revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. Chipmakers are ...
Broadcom also reported a surprise net loss of $1.88 billion, ending an almost eight-year streak of recording a net profit, according to LSEG data. Analysts had estimated a net profit of $2.88 billion.
Shares of Broadcom (NASDAQ: AVGO) were heading lower on Friday after the semiconductor and software giant posted good-but-not-good-enough results in its fiscal third-quarter earnings report and ...
And of course, these accelerators, these AI processors, Broadcom is in the driver's seat. They have won some really important designs," Newman tells Yahoo Finance. He notes that while its core ...
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As skepticism about the artificial intelligence (AI) trade mounts on Wall Street, bulls are looking to results from chipmaker Broadcom Inc. for a reset. The company is due to report after the ...
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many of whom recalled Broadcom’s track record with prior high-profile acquisitions, including network switching vendor Brocade in 2016 for almost $6 billion, software firm CA Technologies in ...