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Broadcom Surges on $100B AI Chip Forecast and $10B Buyback Plan
Broadcom shares climbed nearly 5% in extended trading following strong quarterly results and an ambitious forecast for its artificial intelligence semiconductor business, coupled with a new $10 billion stock buyback authorization.
U.S. Drafts New AI Chip Export Rules, Potentially Impacting AMD, Nvidia
U.S. officials are drafting new AI chip export regulations that could require foreign governments to invest in U.S. data centers or provide security guarantees, potentially impacting major chipmakers like AMD, Nvidia, and Intel.
Sandisk Gains Bloomberg 500 Inclusion Amid Volatile Trading
Sandisk is set to enter the Bloomberg 500 index on March 12, the index provider announced. The flash-memory maker's stock has been volatile this week amid broader market jitters.
Apple Launches $599 MacBook Neo, Targets Budget Laptop Segment
Apple has introduced the $599 MacBook Neo, featuring the A18 Pro chip and 8GB unified memory, with shipments starting March 11. The company also refreshed its MacBook Air and Pro lines with new M5-series processors.
Broadcom Lifts AI Chip Forecast Past $100B, Shares Rally on Strong Outlook
Broadcom Inc. significantly increased its AI chip sales forecast for 2027 to over $100 billion, driving its stock higher. The company also reported strong first-quarter results and provided second-quarter revenue guidance that beat analyst expectations.
Goldman Sachs Flags $100 Oil Risk to Global Economy Amid Middle East Tensions
Goldman Sachs cautions that a brief surge in oil to $100 a barrel could reduce global economic growth by 0.4 percentage points and increase inflation by 0.7 points, with Morgan Stanley now expecting the ECB to maintain rates through 2026.
Nvidia Reallocates TSMC Production from China-Bound H200 to Vera Rubin AI Chips
Nvidia has stopped manufacturing its H200 AI processors for the Chinese market and redirected that TSMC production capacity toward its upcoming Vera Rubin chips, according to a Financial Times report. The move follows ongoing U.S. export restrictions blocking H200 shipments to China.
Bloom Energy Added to Bloomberg 500 Index Amid Stock Decline
Bloom Energy will be included in the Bloomberg 500 Index starting March 12. The company's stock declined nearly 4% in Thursday trading, while it forecasts significant revenue growth driven by data-center power demand.
Amphenol Stock Rallies 3% Amid Market Volatility
Amphenol Corporation (APH) shares climbed roughly 3% on Thursday, recovering from recent swings. Trading volume was elevated as the market anticipates the company's upcoming quarterly results.
Credo Stock Rebounds on Broadcom's Copper Endorsement for AI Data Centers
Credo Technology Group Holding's stock climbed 9% to $111.94 Thursday, recovering from a 14.8% drop earlier in the week. The rebound followed Broadcom's endorsement of copper-based connections for AI data center racks.
Adobe Stock Rises on AI Revenue Focus Ahead of Q1 Report
Adobe shares advanced approximately 4% on Thursday as Wall Street scrutinizes the company's AI-fueled subscription growth ahead of its quarterly earnings release next week.