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

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

Tech Down as VMWare, China Fears Weigh — Tech Roundup

Tech Down as VMWare, China Fears Weigh — Tech Roundup

Shares of technology companies slipped ahead of earnings from some major firms next week. Despite the yearlong hype about artificial-intelligence products boosting growth in the sector, the S&P 500 tech industry group is expected to generate third-quarter revenue growth of a meager 1.5%, according to research from LSEG. Microsoft, Apple and Alphabet shares all slipped … Read more

Tech Down as VMWare, China Fears Weigh — Tech Roundup

Tech Down as VMWare, China Fears Weigh — Tech Roundup

Shares of technology companies fell after one major deal was jeopardized by U.S.-China tensions, stoking concerns that the tech trade war will hurt the industry. Shares of VMWare plunged after The Financial Times reported Broadcom’s roughly $61 billion deal to buy the maker of virtualization software was held up by Beijing authorities, largely in response … Read more

VMware’s stock plunges 10% on report that Chinese regulators could block Broadcom deal

VMware’s stock plunges 10% on report that Chinese regulators could block Broadcom deal

Shares of VMware Inc. VMW, -10.14% slumped 10% Thursday following a news report that the Chinese government could block Broadcom Inc.’s AVGO, -0.83% planned $69 billion acquisition of VMware. Chinese regulators are considering whether to delay approval of the megadeal, according to a report in The Financial Times Thursday. Opposition is considered a response to … Read more

VMWare Down After FT Reports China Holding Up Broadcom Buyout

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

Netflix shares surge as streaming site hikes prices while Tesla stock slumps after Musk’s comments

Netflix shares surge as streaming site hikes prices while Tesla stock slumps after Musk’s comments

Here are some of the most notable stock movers in Thursday’s trading action: Stock gainers: Netflix Inc. shares NFLX, -2.68% rallied 12% after the streaming giant announced a spike in subscribers, and hiked prices on some plans, effective immediately Source link

VMware Shares Rise After CMA Greenlights Broadcom Deal

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