Semiconductor stocks are on the rise thanks to positive news about artificial intelligence (AI) and hopes for a soft economic landing. Industry leaders like Broadcom, Arm, and Lam Research saw their shares increase by 5.2%, 5.3%, and 4.6%, respectively. This growth comes after a stall due to positive inflation reports in April. However, today saw … Read more
Semiconductor stocks, including leaders like Broadcom, Arm, and Lam Research, saw a rise in their prices on Wednesday. This growth comes after a recent stall due to positive inflation reports in April. However, positive news about AI continued to drive the market today, along with a weaker-than-expected May jobs report. This report fueled hopes for … Read more
If you’re considering selling semiconductor stocks, now might be the time to act. Three companies in the semiconductor industry are showing signs of losing momentum and could be worth divesting from. It’s important to stay informed of market trends and make decisions that align with your financial goals. Consider the potential risks and rewards of … Read more
Broadcom Inc. (NASDAQ: AVGO) saw its shares rise 3.2% on Wednesday, reaching a high of $1,384.98 before closing at $1,373.82. The trading volume was lower than average, with 659,272 shares changing hands compared to the daily average of 2,775,002 shares. The stock had closed at $1,330.82 the previous day. Several analysts have provided ratings and … Read more
:max_bytes(150000):strip_icc()/GettyImages-1634408872-4b953e53db254f309cd5a112a691bcbc.jpg?w=1500&resize=1500,1000&ssl=1 "Important Information to Review Before Broadcom’s Earnings Release")
Broadcom, a semiconductor company, is preparing to announce its second-quarter earnings for fiscal 2024 on June 12. Analysts are expecting the company to report increased revenue compared to the same period last year. Investors will be particularly interested in the revenue growth related to artificial intelligence (AI), as Broadcom’s products are utilized in AI data … Read more
Jay Chaudry, the President and CEO of cybersecurity company Zscaler, has refuted rumors of an acquisition bid from Broadcom. In a statement posted on LinkedIn, Chaudry made it clear that neither he nor the Zscaler board of directors have sought or accepted any offer to acquire the company. This comes in response to speculation that … Read more
Broadcom, trading under the symbol AVGO on the NYSE, has seen a 4.41% decrease in its short float percentage. The company recently reported that 5.24 million of its shares are being sold short, accounting for 1.3% of all available shares for trading. Traders would require an average of 2.58 days to cover their short positions … Read more
Broadcom has introduced a new Ethernet Network Interface Card (NIC) that utilizes the 5nm process node technology to enhance efficiency and maintain high performance levels in handling modern data loads. By incorporating this advanced technology, Broadcom aims to offer a solution that can meet the increasing demands of data processing and communication in today’s interconnected … Read more
Semiconductors play a crucial role in powering various devices and technologies that are an essential part of our daily lives. This includes computers, televisions, cars, and many other gadgets that we use on a regular basis. Over the years, semiconductor stocks have shown exceptional performance, outpacing the broader stock market. However, the emergence and rapid … Read more
Semiconductors play a key role in powering everyday devices such as computers, televisions, and cars. Over the years, semiconductor stocks have consistently outperformed the stock market. The recent surge in the use of artificial intelligence (AI) has further propelled growth in the industry. Some semiconductor companies have now reached trillion-dollar valuations, with others quickly following … Read more