[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, soared in late trading after an upbeat forecast assured investors that spending on artificial intelligence computing remains healthy. Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 […]
Dow Jones posts longest losing streak since 2018 but big tech takes Nasdaq to another record high – CNBC TV18
[ad_1] It was a mixed session for the US markets on Wall Street as the Dow Jones fell for the eighth day running, notching its longest losing streak since 2018. However, big tech shares, barring Nvidia, propelled the Nasdaq to another record high. Company Value Change %Change The tech-heavy index gained 1.2% on Monday, followed […]
Broadcom is the latest trillion dollar baby among global companies – CNBC TV18
[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after predicting a boom in demand for its artificial intelligence chips. Company Value Change %Change Sales of AI products will gain 65% in the fiscal first quarter, far faster than […]
Broadcom shares jump 14% in extended trading on projection of AI sales surge – CNBC TV18
[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence chips. Company Value Change %Change Sales of AI products will gain 65% in the fiscal first quarter, far faster than its overall semiconductor growth of about 10%, […]