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In a recent turn of events, Stephen F. Lynch, representative for Massachusetts’s 8th congressional district, has sold his shares in VMware, Inc. (NYSE:). The transaction took place on November 27, 2023, and was valued between $1,001 and $15,000. This sale occurred in the wake of Broadcom Inc.’s (NASDAQ:) acquisition of VMware, a global leader in … Read more
On Wednesday, Morgan Stanley maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s acquisition … Read more
On Wednesday, Morgan Stanley (NYSE:) maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s … Read more
© Reuters. On Wednesday, Citi maintained its Buy rating on Broadcom Limited (NASDAQ:) with a steady price target of $1,560.00. The firm’s confidence stems from a recent investor meeting with Broadcom CEO Hock Tan, during which he conveyed a strong outlook for artificial intelligence spending. According to Tan, the demand for AI accelerators and networking … Read more
Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand Source link
© Reuters. On Wednesday, Susquehanna maintained a positive stance on Broadcom Limited (NASDAQ:), increasing the stock’s price target to $1,550 from $1,400. The firm anticipates that investor attention will be drawn toward the company’s AI networking and TPU (Tensor Processing Unit) advancements, as well as the ongoing integration of VMWare, which is expected to yield … Read more
Broadcom stock PT raised to $1550 at Susquehanna, citing AI and VMware potential Source link
© Reuters. On Wednesday, Susquehanna maintained a positive stance on Broadcom Limited (NASDAQ:), increasing the stock’s price target to $1,550 from $1,400. The firm anticipates that investor attention will be drawn toward the company’s AI networking and TPU (Tensor Processing Unit) advancements, as well as the ongoing integration of VMWare, which is expected to yield … Read more
© Reuters. Broadcom Inc. (NASDAQ:) has announced its financial results for the fourth quarter and the fiscal year 2023, showcasing strong growth and strategic advancements. The company reported a 4% year-on-year increase in Q4 consolidated net revenue, reaching $9.3 billion. For the fiscal year, consolidated revenue hit a record $35.8 billion, marking an 8% rise … Read more
© Reuters. Broadcom Inc. (NASDAQ:) has announced its financial results for the fourth quarter and the fiscal year 2023, showcasing strong growth and strategic advancements. The company reported a 4% year-on-year increase in Q4 consolidated net revenue, reaching $9.3 billion. For the fiscal year, consolidated revenue hit a record $35.8 billion, marking an 8% rise … Read more