- Broadcom CEO Maintains $230 Billion AI Chip Target Amid Anthropic Slowdown Concerns↩
Broadcom CEO Hock Tan addressed concerns regarding a slowdown in AI demand, particularly in relation to Anthropic, stating that the demand for AI infrastructure remains strong. Despite a disappointing revenue forecast for the current quarter, Broadcom provided robust earnings guidance for fiscal 2028, affirming their commitment to a $230 billion chip revenue target.
Guidance·3 articles / 3 outlets·22d ago
- Broadcom’s VMware Licensing Overhaul Attracts EU Antitrust Scrutiny
Broadcom Inc.’s licensing overhaul for VMware Inc. software after its $61 billion takeover is attracting deeper scrutiny from European Union antitrust watchdogs amid concerns customers are being made to suffer.
Legal·1 article / 1 outlet·26d ago
- Broadcom Reports 221% AI Chip Revenue Growth Amid Mixed Earnings Outlook
Broadcom provided a robust earnings guidance for fiscal 2028, despite a disappointing revenue forecast for the current quarter. The company's artificial intelligence chip revenue surged by 221%, indicating strong growth potential in the AI sector.
Macro·2 articles / 2 outlets·28d ago
- Broadcom Forecasts Strong AI Revenue Growth Despite Disappointing Q3 Revenue Outlook
Broadcom provided a robust earnings guidance for fiscal 2028, despite a disappointing revenue forecast for the current quarter. The CEO highlighted growth opportunities through AI labs, indicating a steep ramp in AI revenue.
Guidance·2 articles / 2 outlets·32d ago
- Nvidia Acquires Hugging Face for $13 Billion Amid AI Spending Boom
Nvidia has announced its acquisition of AI startup Hugging Face for $13 billion, highlighting the ongoing strength of the AI boom. This deal comes as earnings reports from Broadcom, Snowflake, and HPE indicate robust growth in AI-related sectors.
Deals·1 article / 1 outlet·34d ago
- Broadcom Shares Fall 6% After Disappointing AI Chip Sales Forecast↩
Broadcom Inc. shares declined after a two-year forecast for AI chip sales failed to impress investors, a sign it’s still in the early stages of challenging Nvidia Corp.’s dominance. The company provided a disappointing revenue forecast for the current quarter but offered robust earnings guidance for fiscal 2028.
Guidance·3 articles / 3 outlets·34d ago
- US Stock Futures Rise as Traders Parse Fedspeak and Earnings Reports
US stock futures posted modest gains Thursday as bond yields stabilized near multi-year highs and investors digested latest commentary from Federal Reserve Governor Christopher Waller.
Macro·1 article / 1 outlet·34d ago
- US Stock Futures Little Changed Amid Focus on Broadcom and HPE Earnings
S&P 500 Index futures are little changed as of 7:53 a.m. in New York. Technology shares are in focus, following results from with chipmaker Broadcom and Hewlett Packard Enterprise.
Earnings·1 article / 1 outlet·34d ago
- Broadcom's Stock Drops 5% After Weak Guidance Despite $29.6 Billion Revenue↩
Broadcom reported a record $29.6 billion in quarterly revenue but provided a disappointing revenue forecast for the current quarter. This weak guidance overshadowed the earnings beat, leading to a 5% drop in the company's stock.
Macro·2 articles / 2 outlets·34d ago
- Broadcom Predicts Surge in AI Chip Sales Over Next Two Years
Broadcom Inc. predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market.
Guidance·2 articles / 2 outlets·34d ago
- Broadcom Reports Q3 Revenue Up 86% YoY to $29.59B Amid AI Chip Surge↩
Broadcom reported Q3 revenue of $29.59 billion, an 86% increase year-over-year, surpassing estimates of $29.36 billion. The company's AI semiconductor revenue surged 221% to $16.7 billion, indicating strong growth potential in the AI sector.
Macro·1 article / 1 outlet·34d ago
- Broadcom Needs Nvidia-Like Earnings to Stop $520 Billion Skid
Broadcom Inc. has had a difficult summer in the stock market, as a disappointing outlook sent the shares on a roughly $520 billion tailspin since hitting a high in early June.
Earnings·1 article / 1 outlet·35d ago
