AVGO
NASDAQ · Semiconductors
Broadcom Inc.
$291.53
-33.95 (-10.43%)
AVGO News30 articles
Marvell's $115B Lumentum Buy Priced at 22.8x Sales
Marvell Technology acquires Lumentum in a $115 billion all-stock deal, valuing the optical firm at 22.8 times its latest annualized revenue. The deal is set to close in the first half of 2028.
Meta's $35B AI Fundraise: 64% Backed by Forward Sales
Meta Platforms (META) announced a $35B equity offering to fund AI infrastructure, with 64.3% of the common stock portion using forward sales. The move comes as Q3 free cash flow turned negative.
Nasdaq Rebounds as Chip Stocks Rally, but Market Breadth Stays Thin
Nasdaq rises 0.87% as chip stocks rebound, but breadth is weak with fewer than half of stocks advancing. Dow slips 0.15%.
Tech Selloff Defies Falling Yields; AI Capex Scrutiny Looms
The Nasdaq fell 4.5% even as yields declined, signaling a shift from rate concerns to earnings quality. AI spending and margins will be tested as major tech earnings arrive.
Semiconductor Selloff Sinks Nasdaq 2.1%; Weekly Tech Slide Deepens
Renewed semiconductor selling pushed the Nasdaq down 2.15% Friday, extending its weekly slide to 4.48%. The S&P 500 lost 1.09% as tech weakness outweighed energy gains.
Chip Rout Drags Nasdaq Down 1.4% as Dow Reverses 400-Point Gain
Chip stocks dragged the Nasdaq down 1.4% Friday, erasing a 405-point Dow advance. Energy and utilities rallied, but tech weakness dominated as AI concerns persisted.
AI Selloff Weighs on S&P 500 as Broader Market Shows Strength
S&P 500 slips 0.5% despite broad gains as AI stocks tumble. Producer prices jump 1.3%, retail sales rise, but yields ease, hinting at rotation.
AI Selloff Widens Nasdaq-Dow Gap to Three-Month High
The Nasdaq dropped 1.88% on AI selling while the Dow slipped 0.09%, marking the widest gap since July. Inflation data and rate concerns drove the split.
S&P 500 Edges Higher as Oil Retreats, But Market Breadth Remains Weak
S&P 500 gains 0.35% as oil retreats, but narrow advance and rising yields keep small caps under pressure. Delta (DAL) slides on fuel costs.
AI Stocks Drag Nasdaq Down 1.25% Despite Treasury Yield Retreat
The Nasdaq dropped 1.25% as AI stocks sold off, even as Treasury yields reversed lower. The S&P 500 edged down 0.47% but breadth was positive, with energy and staples leading.
S&P 500 Retreats from Record as Treasury Yields Climb Past 5.36%
The S&P 500 slipped 0.62% from its record as the 10-year Treasury yield touched 5.36% and oil prices firmed, with investors awaiting the Fed minutes and a 10-year auction.
Nvidia Rises 2.3% Ahead of Xi Visit, But AMD and Intel Outshine
Nvidia closed at $227.38, up 2.30%, but underperformed AMD and Intel. The White House will host Xi Jinping on September 24, with Nvidia's guidance assuming zero China data-center revenue.
AMD Hits Record High, But Analyst Targets Offer Slim Upside
AMD shares jumped 8.8% to a record high, but the consensus analyst target now sits just 1.2% above the price, raising the bar for estimate revisions.
Broadcom's AI Bet: $126.8B Purchase Pledges Signal Deep Customer Ties
Broadcom's latest filing shows $126.8B in purchase commitments, 1.8x nine-month revenue, plus a $29B lease backstop, underscoring AI-fueled expansion and concentration risks.
Broadcom's AI Bet: $490 Target Hinges on Anthropic's $40B Surge
Macquarie upgrades Broadcom to Outperform with a $490 target, betting on Anthropic's $40B AI chip demand by 2028, offering 36.9% upside.
Zscaler's Rally Fades as Fed Rate-Cut Bets Cool; Nasdaq Gains 1.4%
Zscaler's early 12% jump faded to a 2.9% gain, while the Nasdaq rose 1.4% as traders trimmed September rate-hike bets to 50.4%.
Broadcom Stock Slips 2.7% as AI Optimism Meets Guidance Reality
Broadcom shares dropped 2.7% as its Q4 revenue outlook fell short of consensus, raising questions about its AI-driven valuation despite strong Q3 results.
Nasdaq Rises 1.4% as Fed's Waller Signals Possible Rate Pause
The Nasdaq advanced 1.4% as Fed Governor Waller hinted at a possible pause in rate hikes. Tech stocks led gains, while yields eased.
Tech-Led Rally Lifts Nasdaq 1.5% as Bond Yields Ease
The Nasdaq Composite rose 1.5% on Thursday as declining Treasury yields boosted technology shares. The S&P 500 and Dow also advanced, with consumer discretionary leading sector gains.
Tech Stocks Rally as Treasury Yields Ease, Offsetting Oil Spike
The Nasdaq climbed 1.4% as lower bond yields buoyed tech stocks, offsetting pressure from $91 oil. S&P 500 and Dow also rose.
Tech-Led Rally Lifts Nasdaq 1.4% as Treasury Yields Slide
Wall Street climbed midday as lower bond yields fueled a tech-led rally. The Nasdaq gained 1.4%, while Snowflake soared 21% on strong results.
Stocks Edge Higher as Treasury Yields Dip, Offsetting Oil Price Surge
US stocks opened higher Thursday as a drop in Treasury yields helped offset the impact of $92 oil. The Nasdaq and Dow each gained 0.7% in early trading.
Small-Cap Futures Lead as Oil Retreats From $93
Russell 2000 futures advanced 0.73% as oil pulled back from $93, while S&P 500 and Nasdaq-100 futures also posted gains. Treasury yields slipped, and jobless claims ticked higher.
Oil Rally Pressures Nasdaq as Dow Holds Firm
Crude oil tops $92 a barrel, driving a wedge between the Dow and Nasdaq futures. Snowflake jumps on strong guidance, while Broadcom and NetApp slide.
Oil Surges Past $92, Tech Futures Dip as Energy Gains Outweigh AI Optimism
Crude oil climbs above $92 a barrel, erasing earlier tech gains. Snowflake jumps 24% on strong results, while Ultragenyx drops 44% after a failed trial.
Oil Rebounds Above $91; Tech Futures Cede Early Gains
Oil rebounded above $91, while tech futures gave up early gains. Snowflake surged 23% on raised outlook, but Broadcom and HPE declined on guidance concerns.
Dow Futures Edge Higher as Snowflake Soars, Broadcom Slips
Dow futures led U.S. equity markets higher in early trading, with Snowflake soaring on raised guidance and Broadcom slipping despite record results. Oil prices firmed amid geopolitical tensions.
Broadcom Forecast Misses, Tech Futures Flat, Oil Dips
Broadcom's softer forecast weighs on tech futures, while oil prices ease. S&P 500 and Nasdaq futures hold steady, gold rises 1.29%.
Small Caps Lead Market Rebound as Wall Street Breaks Losing Streak
Wall Street rebounded Wednesday, ending a three-day losing streak. The Russell 2000 led gains, rising 1.1%, while Snowflake surged 22% in after-hours trading.
Small Caps Lead Wall Street Rebound as Three-Day Slide Ends
Wall Street snapped a three-day losing streak, led by small caps. The Russell 2000 jumped 1.13%, while Dell and Snowflake surged on strong results.