Broadcom Inc. (AVGO) recently announced a ten-for-one stock split alongside strong second-quarter results in 2024. This move is aimed at making ownership of Broadcom stock more accessible for investors and employees. The company’s revenue from AI products hit a record $3.1 billion during the quarter, contributing to its stellar performance. AVGO’s financial health remains solid, … Read more
Google has been rumored to be working on its own chipset for the Pixel phones, similar to how Apple designs its own chips for the iPhone. The latest reports suggest that Google may be moving away from Samsung and towards TSMC to manufacture its chipsets due to issues with Samsung’s 3nm chips. This change could … Read more
Nvidia’s 10-for-1 stock split will reduce the price of each share from approximately $1,200 to about $120, making stock ownership more accessible. This move comes after Nvidia’s shift from generating revenue in the video game industry to dominating the AI chip market, resulting in record revenue of $26 billion. The company’s GPUs are the fastest … Read more
Privacy advocates are expressing concerns about Microsoft’s Recall feature for their upcoming Copilot+ PCs. This feature acts as a recovery function, taking encrypted screenshots of a user’s laptop every few seconds. Microsoft states that users have the option to choose what snapshots Recall collects and can also choose to disable the feature. The Information Commissioner’s … Read more
NVIDIA recently announced a 10-for-1 stock split, joining other companies like Walmart and Lam Research that have made similar moves. The stock split is aimed at making the share price more affordable for both retail investors and company insiders. There is speculation that Nvidia may be looking to be included in the Dow Industrials, a … Read more
NVIDIA announced its fiscal first-quarter earnings report and a planned 10-for-1 stock split on Wednesday. The chipmaker giant’s shares will start trading on an adjusted basis on June 10. This news, along with better-than-expected financial results, led to a 7% rise in the share price above $1,000. Over the past year, the stock has soared … Read more
A recent review of IBM’s retirement program has sparked discussions about the direction of employee benefits. The company’s transition to cash balance plans is a key focus, with implications for employees’ financial well-being in the long run. Cash balance plans have been gaining popularity in recent years as companies look for ways to modernize their … Read more
The stock market is currently experiencing a wave of enthusiasm for artificial intelligence. Nvidia’s recent earnings call marked a year since the chipmaker surprised Wall Street with its demand for AI chips. Mentions of AI in earnings calls have increased by 186% since the first quarter of 2023, according to Bank of America Research. The … Read more
Grok AI, a San Francisco-based startup, is revolutionizing the tech industry with its cutting-edge artificial intelligence technology. Founded by a team of industry veterans, Grok AI aims to build a platform that can understand and reason with vast amount of data, making it invaluable for companies across various sectors. One of the core technologies behind … Read more
As of October 2, 2023, VMware Inc. boasts a P/E ratio of 37.24, which is slightly lower than other reported values such as 49.25, 48.8054, 49.1, and 48.66. When compared to the software industry’s aggregate P/E ratio of 66.81, VMware Inc. appears to have a more favorable P/E ratio of 50.14. This discrepancy suggests that … Read more