© Reuters. On Wednesday, Susquehanna maintained a positive stance on Broadcom Limited (NASDAQ:), increasing the stock’s price target to $1,550 from $1,400. The firm anticipates that investor attention will be drawn toward the company’s AI networking and TPU (Tensor Processing Unit) advancements, as well as the ongoing integration of VMWare, which is expected to yield … Read more
© Reuters. On Wednesday, Susquehanna maintained a positive stance on Broadcom Limited (NASDAQ:), increasing the stock’s price target to $1,550 from $1,400. The firm anticipates that investor attention will be drawn toward the company’s AI networking and TPU (Tensor Processing Unit) advancements, as well as the ongoing integration of VMWare, which is expected to yield … Read more
© Reuters. Broadcom Inc. (NASDAQ:) has announced its financial results for the fourth quarter and the fiscal year 2023, showcasing strong growth and strategic advancements. The company reported a 4% year-on-year increase in Q4 consolidated net revenue, reaching $9.3 billion. For the fiscal year, consolidated revenue hit a record $35.8 billion, marking an 8% rise … Read more
© Reuters. Broadcom Inc. (NASDAQ:) has announced its financial results for the fourth quarter and the fiscal year 2023, showcasing strong growth and strategic advancements. The company reported a 4% year-on-year increase in Q4 consolidated net revenue, reaching $9.3 billion. For the fiscal year, consolidated revenue hit a record $35.8 billion, marking an 8% rise … Read more
© Reuters. Analysts raise Broadcom price target following VMware deal completion, BofA says genAI the most attractive opportunity Analysts at UBS and BofA raised their price targets for Broadcom (NASDAQ:) in research notes on Tuesday. BofA’s analysts lifted their firm’s price target for the stock to $1,200 from $1,050 per share, reiterating a Buy rating … Read more
© Reuters. Broadcom (NASDAQ:) Inc. has announced a significant round of layoffs at VMware (NYSE:)’s Broomfield office, with 184 employees set to lose their jobs starting in January 2024. This move comes as Broadcom, which recently completed a $61 billion acquisition of VMware, begins implementing a broader cost-reduction strategy. The layoffs, disclosed through a WARN … Read more
© Reuters. (Updated – November 21, 2023 12:31 PM EST) Investing.com – Main U.S. indexes declined on Tuesday as investors awaited the release of the minutes from the most recent Federal Reserve meeting, along with key results from chip designer and AI powerhouse Nvidia (NASDAQ:) after the market close. Here are some of the biggest … Read more
© Reuters. Broadcom (NASDAQ:) CEO Hock Tan has shed light on the company’s post-acquisition strategy for VMware (NYSE:) at the VMware Explore conference in Barcelona. The acquisition, valued at $61 billion, is still pending due to a lack of regulatory approval from China. The delay could be a retaliation against U.S.’s stringent export controls on … Read more
© Reuters. Broadcom’s (NASDAQ:) forthcoming $69 billion acquisition of VMware (NYSE:NYSE:) is gaining momentum, with the majority of global clearances and necessary foreign investment consents in place. The deal is expected to conclude ahead of the expiration of their merger agreement. Despite the potential delay from China’s regulatory approval, which introduces an element of uncertainty, … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more