The demand for AI chips is on the rise, particularly benefiting Taiwan Semiconductor Manufacturing Co. Ltd. (TSM). TSM exceeded revenue expectations in the second quarter of 2024, with a 40% increase from the same quarter last year. This growth is attributed to the increased demand for AI chips, as TSM is a key supplier for … Read more
Juniper Networks has hired Chad Romero, a 15-year Cisco veteran, as their new area vice president of enterprise sales. Romero announced his departure from Cisco where he led the organization responsible for driving software transition and growth in annual enterprise deals. His move to Juniper Networks marks a transition to a new phase of innovation … Read more
Hewlett Packard Enterprise (HPE) has recently made a significant acquisition, purchasing Juniper Networks for $14 billion. This move has positioned HPE as a key player in the networking and telecommunications industries. With this acquisition, HPE is now focusing on expanding its presence in the growing market for artificial intelligence (AI) “inference” sales. AI inference refers … Read more
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
Cisco Systems Inc (CSCO) is scheduled to report its Q3FY24 results on May 14th, with expectations of a slight increase in revenue to around $12.8 billion, despite a 14% decline from last year. The company’s product sales have slowed down as customers focus on deploying previously purchased hardware, impacting revenue. Competition from smaller networking companies … Read more
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/COBD5LTAVZFGZGRUMDHVLCJUG4.jpg?w=1200&resize=1200,628&ssl=1 "Broadcom Sees Increased Sales in AI Technology")
Broadcom’s earnings exceeded expectations, leading to a raise in the fair value estimate for the company’s AI revenue growth. AI chip sales performed exceptionally well, prompting a rise in the overall revenue guidance. Despite a conservative forecast for fiscal 2024, Broadcom’s strong AI results support the notion that networks will benefit from increased investment in … Read more
Nvidia CEO Jensen Huang assured investors that Nvidia will continue to dominate the market for AI training chips despite increasing competition in the industry. Nvidia’s upcoming Blackwell technology is expected to solidify the company’s position as a leader in the field, with the H100 chips being regarded as one of the most sought-after products in … Read more
Shares of Hewlett Packard Enterprise (HPE) surged more than 15% in early U.S. trading after the company reported strong second-quarter earnings that surpassed expectations. The company posted earnings per share of $0.42, higher than the projected $0.39, while revenue came in at $7.2 billion, beating consensus estimates of $6.83 billion. One of the key drivers … Read more
Bank of America analyst Vivek Arya has increased his price target for Broadcom, predicting that the semiconductor company’s sales growth will double as a result of the AI trend. Arya now believes the stock could rise by 30% to $2,150, making it his top pick. He expects sales growth to increase to a compound annual … Read more
Cisco Systems Inc (NASDAQ:CSCO) has seen its stock price decline to $47 per share, 26% below its pre-inflation high in December 2021. This decline is due to slowing product sales, reduced network spending by large companies, and competition from smaller networking companies. In the third quarter of FY24, Cisco’s revenue dropped nearly 13% year over … Read more