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ADCT News30 articles
Broadcom's Custom AI Chip Surge Powers $2 Trillion Valuation
Broadcom reaches $2 trillion market cap on custom AI chip demand and Google TPU supply deal. Q1 revenue jumps 29%, AI semiconductor sales double to $8.4B.
Broadcom Soars on Google AI Chip Partnership, Nears All-Time High
Broadcom shares climbed sharply, approaching a record high after Google unveiled its latest AI chips, reinforcing Broadcom's critical role as a supplier. The company's AI revenue surged 106% last quarter.
Pfizer Gains on FDA Priority Review for Padcev as Pipeline Pivots Post-COVID
Pfizer shares advanced after the FDA granted priority review for its Padcev bladder cancer therapy, setting an August decision. Investors await Q1 results to gauge progress in oncology and obesity drugs against fading COVID sales.
Broadcom's AI Surge Faces Test as Google Explores Marvell Chip Deal
Broadcom shares declined after reports surfaced that Google is in discussions with Marvell Technology for new AI chips, potentially impacting Broadcom's custom silicon business. Despite this, Broadcom's AI revenue soared 106% last quarter to $8.4 billion.
Broadcom Gains on Meta AI Chip Extension, Goldman Reaffirms Bullish Stance
Broadcom shares advanced following Goldman Sachs reiterating a buy rating and $480 target, driven by Meta's expanded AI chip agreement through 2029. The firm continues securing major custom silicon deals.
Broadcom Secures Meta AI Chip Extension, Marvell Gains on Bullish Outlook
Broadcom advanced nearly 4% after extending its custom chip partnership with Meta Platforms through 2029. Marvell Technology gained 1.5% following an analyst upgrade citing robust data-center networking growth.
Broadcom Soars on Meta AI Chip Deal, Duolingo Slips on Growth Concerns
Broadcom shares advanced following Meta's announcement of a major AI chip partnership, while Duolingo declined due to investor concerns over slowing growth and soft guidance.
Broadcom's Google AI Deal Intensifies Competition with Nvidia
Broadcom announced a major partnership to build Google's future tensor processing units and supply AI rack components until 2031. The deal highlights escalating competition in the AI semiconductor market, where Nvidia currently leads.
CNBC to Broadcast Live from Cboe Options Floor Amid Trading Surge
CNBC will begin daily live broadcasts from the Cboe Global Markets trading floor in Chicago on April 6. The move coincides with record U.S. options trading volume, which reached 15.2 billion contracts in 2025.
Broadcom Tops AI Chip Picks as Custom Silicon Race Heats Up
Broadcom emerged as the favored AI stock pick over Oracle and Marvell in Monday's commentary, highlighted by its 106% quarterly AI revenue surge. Analysts cited its scale and custom chip portfolio as key advantages.
Broadcom's AI Ambitions Fuel Stock Surge as Revenue Forecast Tops $100 Billion
Broadcom shares gained after the company forecast its AI chip revenue could surpass $100 billion by 2027. First-quarter AI revenue more than doubled to $8.4 billion.
Broadcom's AI Surge Faces Market Test After Strong Outlook
Broadcom's AI revenue jumped 106% to $8.4 billion last quarter, with a new $10.7 billion target set for the current period. The chipmaker's stock will be tested as investors digest its aggressive growth forecast amid broader market declines.
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.
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.
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.
Broadcom Surges on $100B AI Chip Forecast and $10B Buyback Plan
Broadcom shares climbed more than 4% following an ambitious AI revenue forecast and a substantial new share buyback authorization. The company also raised its near-term outlook.
Broadcom CEO's Copper Comments Trigger Selloff in Optical Networking Stocks
Corning shares dropped sharply after Broadcom's leadership indicated a slower-than-expected transition to optical links within AI server racks, favoring copper for near-term scale-up connections. The shift pushes the anticipated inflection for advanced optics technology further into the future.
CISA Mandates Federal Patch for Critical Broadcom VMware Flaw
U.S. cybersecurity authorities have mandated federal agencies patch a critical command-injection vulnerability in Broadcom's VMware Aria Operations software by March 24. Broadcom has released patches but cannot confirm reports of active exploitation.
Broadcom Shares Dip Ahead of Q1 Report Amid RBC Target Cut, AI Demand Scrutiny
Broadcom shares declined 1.6% to $313.84 Tuesday, with RBC Capital reducing its price target to $340 from $370 ahead of the chipmaker's quarterly results. The market is focused on AI infrastructure spending durability and VMware software growth.
Broadcom Shares Dip Ahead of Q1 Earnings, VMware Telco Launch in Spotlight
Broadcom shares declined approximately 2% in Monday morning trading, with the market focused on upcoming quarterly earnings and the company's new telecom cloud platform announcement in Barcelona.
Broadcom Shares Dip Ahead of Earnings, VMware Telco Launch in Spotlight
Broadcom shares declined approximately 2% in Monday morning trading, with the market's attention split between a new telecom cloud product launch and the upcoming quarterly report scheduled for March 4.
Broadcom Shares Dip Ahead of Q1 Earnings, VMware Telco Launch in Spotlight
Broadcom shares declined approximately 2% in Monday morning trading, with the market anticipating the company's quarterly results after the close on March 4. Attention centers on AI data center chip demand and software segment performance.
Broadcom Earnings Preview: Analysts Bullish on AI Demand, Options Activity Surges
Broadcom is set to report fiscal first-quarter earnings after the close on March 4. Analysts at Baird and Oppenheimer maintain bullish price targets, anticipating strong results driven by artificial intelligence demand.
Broadcom Earnings Preview: Analysts Bullish on AI Demand as Options Activity Surges
Broadcom prepares to release fiscal first-quarter results on March 4, with analysts from Baird and Oppenheimer maintaining bullish stances citing strong AI-driven demand. Options activity remains elevated ahead of the report.
Broadcom Earnings Preview: Analysts Bullish on AI Demand as Options Activity Surges
Broadcom is set to report fiscal first-quarter earnings after the close on March 4. Analysts at Baird and Oppenheimer maintain bullish ratings, anticipating strong results driven by artificial intelligence demand.
Broadcom's Q1 Report Looms as AI Demand, Margins in Focus
Broadcom shares slipped 0.7% to $319.55 Friday, nearly 23% below their 52-week high, ahead of its March 4 earnings report. Analysts will focus on AI chip demand and margin trends.
Broadcom Shares Slide as Chip Sector Stumbles Post-Nvidia Report
Broadcom shares dropped 6.8% in early trading, tracking a broader chip stock decline after Nvidia's earnings failed to lift the sector. The company has outlined a 2027 target for 3D stacked chips.
Broadcom's Strategic Moves: 6G Chip Launch and VMware Partner Restructuring
Broadcom shares edged lower Friday despite launching BroadPeak, a new radio chip for 5G Advanced and early 6G networks. The company also announced plans to eliminate VMware's entry-level reseller tier in EMEA this May.
Broadcom Shares Dip Amid 6G Chip Launch, VMware Partner Changes
Broadcom shares declined 0.4% on Friday, underperforming the broader market despite launching a new 6G radio chip. The company also plans to restructure VMware's partner program in Europe, the Middle East, and Africa.
Broadcom Gains on 6G Chip Launch as VMware Concerns Loom
Broadcom shares advanced following the introduction of its new 5G Advanced/6G radio chip, BroadPeak. Investor attention remains divided between this hardware innovation and ongoing challenges in its VMware software segment.