There’s big news afoot for chip stock Broadcom (NASDAQ:AVGO) as it moves to purchase cloud computing stock VMWare (NYSE:VMW). More specifically, word has emerged about China’s stance on the deal, and it was enough to send VMWare stock heading upward, while Broadcom stock pulled back fractionally in Wednesday afternoon’s trading. China’s stance focused mainly on … Read more
G0d4ather If the reaction to Broadcom’s (NASDAQ:AVGO) Q3 earnings report is any indication, many investors (and professional money managers) still don’t understand the company’s long-term strategy and its primary investment thesis. As a result, they appear to have been expecting a significant “AI boost” to Q3 results (and Q4) and, apparently, were disappointed when it … Read more
Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more