Broadcom Inc. saw its shares fall by 2.5% along with other AI-related names, despite an increase in price target by BofA Global Research. BofA analysts raised Broadcom’s price target to $2,150 from $2,000, citing the company’s transformation from a value stock to a growth stock driven by AI and its recent acquisition of VMware. Analysts … Read more
NVIDIA’s stock price experienced a significant drop recently, resulting in a $400 billion selloff. This sudden decline has sparked concern among investors and experts alike. The reason behind this plunge is not entirely clear, but there are several factors that may have contributed to it. One possible explanation for NVIDIA’s stock price drop is the … Read more
NVIDIA Corp’s brief reign as the world’s most valuable company was short-lived, with shares falling 6.7% in two days and wiping out over $220 billion in market capitalization. This drop pushed Nvidia out of the top spot, with Apple Inc. and Microsoft Corp. now holding higher market capitalizations. The sudden reversal followed a rapid rise … Read more
The markets experienced a triple witches day on Friday, leading to concerns about the outlook following a massive sell-off of Nvidia (NVDA) stocks. Julian Emanuele, a Senior Managing Director at Evercore ISI, discussed how all of this is related to the broader market, which has remained generally resilient in this week’s trading. Despite the recent … Read more
Nvidia’s recent sell-off is causing investors to question the state of the market. This technology giant, known for its graphics processing units (GPUs), experienced a steep decline in its stock price following a lackluster earnings report. The decrease in demand for cryptocurrencies has also impacted Nvidia’s GPU sales, as they are commonly used for mining … Read more
Bearish candlestick patterns are emerging for key tech names like Nvidia Corp, signaling a possible short-term reversal in the bullish trend. This could have significant implications for the S&P 500, especially if mega-cap growth stocks start to falter. The bearish engulfing pattern seen in stocks like Nvidia, Micron Technology, and the VanEck Vectors Semiconductor ETF … Read more
Nvidia, which briefly held the title of the most valuable public company on the planet, saw its shares experience a rare decline on Thursday. The stock dropped as much as 8% from its all-time high to a 2% decrease on the day, settling at $132 by mid-afternoon. This intraday swing wiped $277 billion off Nvidia’s … Read more
Broadcom (NASDAQ:AVGO), which provides chips, enterprise software, and security solutions, is reportedly seeking to divest VMware’s End User Comput… Source link
Broadcom (NASDAQ:AVGO), which provides chips, enterprise software, and security solutions, is reportedly seeking to divest VMware’s End User Compute (EUC) business to the private equity firm KKR (NYSE:KKR) for $3.8 billion, Reuters reported. This move aligns with Broadcom’s strategy to streamline operations and concentrate primarily on its core businesses. EUC allows users to access desktops and apps … Read more