Broadcom Inc. is set to undergo a 10-for-1 stock split on July 12, following in the footsteps of other recent stock splits by companies like Nvidia Corporation and Chipotle Mexican Grill. This move is aimed at making Broadcom’s stock more accessible to a wider range of investors, as it currently trades at over $1,700 and … Read more
Jefferies, a well-respected financial services company, recently increased their target stock price for Amazon due to the strong performance of two key areas: Amazon Web Services (AWS) and advertising. This move reflects their confidence in the company’s ability to continue growing and generating revenue. AWS, Amazon’s cloud computing division, has been a major contributor to … Read more
Oracle (NYSE: ORCL) has experienced strong trading volume recently, indicating increased investor interest in the company. This surge in trading activity suggests that the market is accelerating, with more buyers and sellers actively participating in Oracle’s stock. Oracle’s stock performance may be reflecting positive sentiments surrounding the company, potentially driven by strong financial results or … Read more
Broadcom Inc. has seen a significant increase in its stock price since announcing a 10 for 1 stock split on June 12. The semiconductor company’s shares have risen more than 10% following the news, with an impressive 89.12% increase over the past year and a solid 48.49% increase so far this year. In its most … Read more
Broadcom’s CEO, Hock Tan, saw the company’s shares soar by 12% after beating analysts’ estimates with their fiscal second-quarter earnings. The company reported earnings per share of $10.96, surpassing the consensus estimate of $10.84 per share. Revenue came in at $12.49 billion, exceeding the expected $12.03 billion. Looking ahead, Broadcom anticipates sales of about $51 … Read more
In the first half of 2024, Nvidia’s Apple stock saw an impressive increase of around 152%, making it one of the standout winners in the market. Despite not being the largest company anymore, Nvidia is showing signs of regaining momentum and potentially surpassing Microsoft. However, the timing of its next surge is uncertain. Investors looking … Read more
Oracle Company (New York Stock Exchange: ORCL) experienced a significant spike in short positions in June, with 19,380,000 shares being shorted, marking a 27.5% increase from the previous month. This equates to a days-to-cover ratio of 2.4 days with 1.2% of the company’s shares sold short. Wall Street analysts have shared varying opinions on ORCL … Read more
The stock of Hewlett Packard Enterprise Company (NYSE:HPE) has been gaining momentum, much to the delight of large institutional investors. According to Simply Wall Street, the stock price of HPE is on the rise, indicating positive movement in the market. This news bodes well for institutional owners who have a significant stake in the company. … Read more
A new parliamentary legislature is seen as an opportunity to strengthen the European Union (EU) by focusing on semiconductors, which are crucial for various industries and technologies in the region. Intel announces plans to invest over €50 billion in the EU to establish cutting-edge semiconductor manufacturing facilities, aiming to enhance the EU’s competitiveness and resilience. … Read more
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/GG3LLEIRLBBGNJDCL5XALA75PE.png?w=1200&resize=1200,675&ssl=1 "Cisco Reports Strong Earnings And Positive Outlook, Splunk Inclusion Supports Our Long-Term Thesis")
In a recent article by Morningstar, the Key Metrics for Cisco Systems were discussed. Despite weak networking demand caused by over-orders from customers in 2022 and 2023, Cisco’s fiscal third-quarter results were in line with expectations. The integration of the Splunk acquisition into the model following its closure in March contributed to a positive outlook. … Read more