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ADCT News29 articles
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 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 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 focused on upcoming quarterly earnings and the company's new telecom cloud platform announcement in Barcelona.
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 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 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'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.
Broadcom's AI Margin Pressure in Focus Ahead of Q1 Report
Broadcom shares fell 1.81% to $325.17 Friday, underperforming the semiconductor sector. The company reports fiscal first-quarter results March 4, with AI-related margin pressure a key concern.
Broadcom Shares Slide as Analyst Flags AI Chip Margin Pressure
Broadcom shares declined 1.8% to $325.17 as D.A. Davidson started coverage with a Neutral rating and $335 target, citing risks from cloud customers internalizing chip work.
Broadcom Shares Slide Amid Cisco AI Chip Launch and Sector Downgrade
Broadcom stock declined 1% as Cisco unveiled new AI networking hardware, intensifying competition. UBS downgraded the broader tech sector while maintaining a Buy rating on Broadcom.
Cisco's AI Networking Push Pressures Broadcom Shares
Broadcom stock dipped slightly in early trading as Cisco unveiled new data center chips targeting the AI infrastructure market, intensifying competition.
Cisco Unveils AI Networking Chip, Intensifying Competition with Nvidia and Broadcom
Cisco Systems introduced its new Silicon One G300 networking chip for AI data centers, aiming to challenge incumbents Nvidia and Broadcom. The announcement comes as Cisco's stock hit a 52-week high ahead of its quarterly earnings report.
Broadcom Gains in Extended Trading as AI Investment Momentum Fuels Chip Sector
Broadcom shares advanced over 3% after hours, riding a broader rally in semiconductor stocks as investor focus returns to AI infrastructure spending. The company is scheduled to report quarterly earnings on March 4.
Broadcom Leads Chip Stock Rebound Amid AI Spending Focus
Broadcom shares climbed 2.5% as semiconductor stocks recovered from last week's decline. Investors await the company's March 4 earnings report amid ongoing AI investment debates.
Broadcom Surges 7% on AI Infrastructure Spending Optimism
Broadcom shares rallied over 7% Friday, closing at $332.92, fueled by renewed investor focus on AI data-center capital expenditure. The company's next earnings report is scheduled for March 4.
Broadcom Surges 7% on Renewed AI Infrastructure Spending Optimism
Broadcom shares rallied 7.2% to $332.92 Friday, lifted by Amazon and Alphabet's plans to boost AI infrastructure budgets. The stock remains nearly 20% below its December peak.