Decline

Broadcom Experiences Steepest Decline in Stock Value Since 2020 Due to Sluggish Chip Sales

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Broadcom Experiences Steepest Decline in Stock Value Since 2020 Due to Sluggish Chip Sales

Broadcom Inc., a major chip supplier for tech giants like Apple Inc., experienced a significant drop in its stock value following disappointing revenue results in its semiconductor business. Despite strong demand for artificial intelligence (AI) products, the company fell short of analyst expectations with semiconductor revenue reaching $7.39 billion in the first fiscal quarter, lower … Read more

Broadcom Shares Decline Despite Increased AI Revenue Prediction

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Broadcom Shares Decline Despite Increased AI Revenue Prediction

Broadcom’s stock price has fallen 12% following its strong fiscal first-quarter results, despite a boost in its AI revenue outlook for fiscal 2024. The company’s total revenue increased 34% in the first quarter, driven by the acquisition of VMware. The growth was primarily driven by the semiconductor solutions sector, with AI revenue quadrupling year-over-year to … Read more

Broadcom’s market cap drops by the equivalent of a Boeing plane during five-session decline

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Broadcom’s market cap drops by the equivalent of a Boeing plane during five-session decline

Broadcom Inc. has experienced a significant decline in its shares over the past five days, marking its worst performance in over two years. The company has lost more than $100 billion in market capitalization during this period, dropping from a peak of $851 billion to its current value. This loss is greater than the entire … Read more

Cisco Systems’ (NASDAQ:CSCO) Shares Decline by 0.4%

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Cisco Systems’ (NASDAQ:CSCO) Shares Decline by 0.4%

Cisco Systems, Inc. (NASDAQ: CSCO) experienced a slight decrease of 0.4% in its stock price on Thursday, closing at $47.09 after trading as low as $47.04. The trading volume was 8,118,296 shares, down 59% from the average daily volume. Analyst reports on the company have varied, with BNP Paribas upgrading Cisco Systems to a “neutral” … Read more

Intel: Examining the Unjustified Decline (NASDAQ: INTC)

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Intel: Examining the Unjustified Decline (NASDAQ: INTC)

Intel’s stock dropping could be seen as unfair to some investors, according to a report by Seeking Alpha. The article explores the reasons behind the drop and argues that Intel’s recent struggles are not indicative of the company’s overall health. The journalist examines various factors that may have contributed to Intel’s declining stock price, including … Read more

INTC Stock Suffers 0.3% Decline

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INTC Stock Suffers 0.3% Decline

Intel Co. shares on the NASDAQ fell by 0.3% on Tuesday, trading as low as $30.58 and closing at $30.75. The trading volume was significantly lower than average, with approximately 8.5 million shares traded compared to the daily average of 46.4 million shares. Analyst ratings for the stock have seen some changes, with some firms … Read more

Can Intel’s Investments in AI and Foundry Technology Reverse the Stock’s 38% Decline This Year?

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Can Intel’s Investments in AI and Foundry Technology Reverse the Stock’s 38% Decline This Year?

In Dalian, China, a man is seen riding a scooter in front of Intel Corporation’s wafer fabrication plant, as depicted in a photograph taken on June 26, 2024. This image encapsulates Intel’s current scenario, as the company’s shares (NASDAQ: INTC) have experienced a significant decline of around 38% since the start of the year. In … Read more

The Decline of Oracle’s Advertising Business Uncovered Inside | AdExchanger

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The Decline of Oracle’s Advertising Business Uncovered Inside | AdExchanger

Oracle, a significant player in the advertising data industry, has decided to shut down its advertising division. This division had included Datalogix, Grapeshot, Moat, and BlueKai, all well-respected components. The decision came suddenly, leaving many current and former employees surprised and disappointed. The company did not inform Oracle Data Cloud (ODC) employees in advance of … Read more

Shares of Nvidia bounce back following sharp decline

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Shares of Nvidia bounce back following sharp decline

Nvidia shares bounced back after a recent decline, reclaiming their position as the world’s most valuable public company. The American chipmaker saw a nearly 7% increase in shares on Tuesday, following three days of losses that raised concerns among investors about the company’s role in the artificial intelligence revolution. Deutsche Bank’s research strategist, Jim Reid, … Read more