Computer Hardware

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

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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

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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 stock spikes to new yearlong high

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Broadcom stock spikes to new yearlong high

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares closed at $1,029.24, its highest price in a year. Citigroup said it resumed its coverage of the … Read more

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

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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