Stock

Ark Invest, led by Cathie Wood, purchases AMD shares as part of its continued Shopify stock acquisition spree

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Ark Invest, led by Cathie Wood, made significant trades on Monday, including purchasing shares of Shopify Inc. (SHOP) and Advanced Microdevices Inc. (AMD). Ark Invest’s Ark Fintech Innovation ETF acquired 34,060 shares of Shopify, valued at approximately $2 million, after the company released its first-quarter earnings report. Despite Shopify reporting a loss of $273 million, … Read more

Nasdaq Hits Record High as US Stock Futures Remain Steady with Anticipation for Nvidia

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Summary: U.S. stock index futures showed little movement on Monday afternoon as buying momentum in technology stocks paused. The Nasdaq was expected to reach historical highs with the upcoming earnings report from Nvidia. Concerns about interest rates and inflation persisted, with Federal Reserve officials highlighting the need for confidence in inflation data before considering rate … Read more

What is Wall Street’s Outlook on Cisco Systems Stock: Bullish or Bearish?

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Wall Street analysts are cautiously optimistic about Cisco Systems’ prospects for 2024, despite predictions that the company will underperform compared to its peers and the broader market. Cisco Systems, a technology company, is facing challenges that may impact its performance in the upcoming year. Analysts are closely monitoring the situation and advising investors to proceed … Read more

Broadcom stock PT raised to $1550 at Susquehanna, citing AI and VMware potential By Investing.com

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Broadcom stock PT raised to 50 at Susquehanna, citing AI and VMware potential By Investing.com

© 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

Broadcom stock PT raised to $1550 at Susquehanna, citing AI and VMware potential By Investing.com

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Broadcom stock PT raised to 50 at Susquehanna, citing AI and VMware potential By Investing.com

© 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

Broadcom’s Software Expansion And AI Potential Drive Stock To New Record High

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Broadcom’s Software Expansion And AI Potential Drive Stock To New Record High

In 2023, Broadcom shares doubled in price. So far in 2024, the stock is up 10%. (Photo Illustration … [+] by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Shares of Broadcom (AVGO) this week hit a new record high of $1,284 as investors applaud the chipmaker’s more diversified revenue stream following … Read more

‘VARs’ Strike Back: Nutanix Stock Has Been Upgraded To ‘Outperform,’ Citing VMware Partner Disruption

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‘VARs’ Strike Back: Nutanix Stock Has Been Upgraded To ‘Outperform,’ Citing VMware Partner Disruption

‘The disruption in the infrastructure software space stemming from Broadcom’s recent acquisition of VMware is turning out to be more significant than we expected, per our recent round of VAR discussions,’ wrote a William Blair analyst in a research note published Wednesday. William Blair, the investment adviser, has upgraded VMware rival Nutanix shares from “market… … Read more

Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

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Broadcom now ranks among 10 largest U.S. companies after big 2023 stock gains

Nvidia Corp. has catapulted up the list of the most valuable U.S. companies this year, rising eight spots from the end of last year to sit in the fifth position with a market capitalization of $1.2 trillion. But other chip companies have seen their positions rise even more. Just look at Broadcom Inc. AVGO, +0.59%, … Read more

Broadcom stock spikes to new yearlong high

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Broadcom stock spikes to new yearlong high

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares closed at $1,029.24, its highest price in a year. Citigroup said it resumed its coverage of the … Read more