Watch HPE Reports Disappointing Margins on AI Server Business Bloomberg Article Source https://www.bloomberg.com/news/videos/2024-09-05/hpe-reports-disappointing-margins-on-ai-server-business-video
(Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, suffered its worst stock rout in four years after giving a disappointing sales forecast, hurt by the parts of its business that aren’t tied to artificial… Article Source https://finance.yahoo.com/news/broadcom-gives-tepid-forecast-sign-203930509.html
:max_bytes(150000):strip_icc()/BroadcomComposite-09bf26d4cfbb49aaa47f643e4bcb78db.jpg?w=1500&resize=1500,1000&ssl=1 "Broadcom Stock Falters After Company Reports Loss, Disappointing Revenue Outlook")
Key Takeaways Broadcom posted a loss in its fiscal third quarter, primarily due to acquisition-related amortization costs. The company is continuing to integrate the software firm VMWare, which it acquired in November. The company’s fiscal… Article Source https://www.investopedia.com/broadcom-stock-falters-on-q3-loss-guidance-miss-8707295
Ariel Investments, a prominent investment management company, recently released its Q1 2024 investor letter for the Ariel Global Fund. The fund reported a 7.35% appreciation in the first quarter, slightly trailing its primary benchmark index but outperforming its secondary benchmark. The global developed markets experienced a positive rally driven by various factors like AI, bank … Read more
Data center infrastructure providers Nutanix Inc. and Pure Storage Inc. are experiencing contrasting fates as they offer different outlooks for the current quarter. Nutanix’s shares dropped over 16% after-hours due to guidance below Wall Street’s expectations, while Pure saw a more than 9% increase in shares after surpassing forecasts. Nutanix reported mixed results for the … Read more