applications software

Top Stock Market Movers: Salesforce, UiPath, HP Inc., Best Buy, Kohl’s, Foot Locker, C3.ai, Nutanix, and More

by
Top Stock Market Movers: Salesforce, UiPath, HP Inc., Best Buy, Kohl’s, Foot Locker, C3.ai, Nutanix, and More

Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce fell 20% after reporting first-quarter earnings that beat expectations but revenue fell short and the outlook for the current fiscal second quarter missed estimates. Analysts were expecting revenue of $9.35 billion and profit of $2.40, but Salesforce expects … Read more

Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

by
Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

Nvidia Corp. has catapulted up the list of the most valuable U.S. companies this year, rising eight spots from the end of last year to sit in the fifth position with a market capitalization of $1.2 trillion. But other chip companies have seen their positions rise even more. Just look at Broadcom Inc. AVGO, +0.59%, … Read more

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

by
Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well.  That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a … Read more

Broadcom’s VMware deal may be in doubt, but its soaring stock will be just fine

by
Broadcom’s VMware deal may be in doubt, but its soaring stock will be just fine

As Broadcom Inc. and VMware Inc. get closer to their new merger deadline of Nov. 26, some investors are nervous that the deal will not get done, with a $1.5 billion termination fee hanging over the chip maker. China is reportedly the cause for the current hold-up for the deal, which was supposed to close … Read more

Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

by
Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link

VMWare Down After FT Reports China Holding Up Broadcom Buyout

by
VMWare Down After FT Reports China Holding Up Broadcom Buyout

By Rob Curran Shares of VMWare slid premarket after the Financial Times reported that authorities in China were holding up chipmaker Broadcom’s multibillion dollar buyout of the maker of virtualization software in the latest salvo of the U.S.-China tech battle. The State Administration of Market Regulation in Beijing is delaying approval of the merger deal … Read more

VMware Shares Rise After CMA Greenlights Broadcom Deal

by
VMware Shares Rise After CMA Greenlights Broadcom Deal

By Will Feuer Shares of VMware rose after British regulators cleared Broadcom’s roughly $61 billion takeover of the multi-cloud services provider. VMware stock climbed almost 6% to $163.71 in premarket trading. Shares were already up more than 27% over the past 12 months through Friday’s close. Broadcom agreed more than a year ago to pay … Read more