Broadcom Inc. announced on Monday that its board of directors authorized a new share buyback program of up to $10 billion, which will run through December 31, 2025.
CEO Hock Tan said the move stems from the board's confidence in the strength of Broadcom's diversified semiconductor and...
Broadcom Inc. revealed on Thursday that its revenue in the first quarter of its fiscal year 2025 came in at $14.9 billion, surging 25% year over year.In the reported three-month period, on an annual basis, net income skyrocketed 323%, reaching $5.5 billion, while diluted earnings per share shot up...
The shares of Intel Corporation popped over 7% in the premarket on Monday following the report about a potential collaboration with Nvidia Corporation and Broadcom Inc.Sources told Reuters that Nvidia and Broadcom were conducting manufacturing tests on Intel's 18A node to see if they...
Intel Corporation's shares surged by 10% on Tuesday amid rumors on potential sales of its chip design and factories to Broadcom Inc. and Taiwan Semiconductor Manufacturing Company (TSMC), respectively.It was previously reported that Broadcom is eyeing Intel's chip design and marketing...
Broadcom Inc. is considering a bid for Intel's chip design and marketing business but would only go forward with the proposal if it finds a partner for the American chip-making giant's manufacturing business, the Wall Street Journal reported citing persons familiar with the matter.No formal bid has been...
Shares of Broadcom Inc. tanked on Monday as panic swept through the tech sector following the debut of Chinese AI company DeepSeek's latest model, R1. The new AI model is said to be comparable in performance to OpenAI's GPT-4, Meta Platforms' Llama, and Google's Gemini, but is offered...
The shares of several United States semiconductor makers rose on Monday after outgoing President Joe Biden's administration announced an investigation into foundational semiconductors used in the country and produced in China to protect the nation's manufacturing sector from Beijing's...
Broadcom Inc. continued its upward momentum, rising almost 10% on Monday, after a 20% surge last Friday. The rally seems to reflect growing investor optimism fueled by the company's strong AI prospects and recent earnings.The semiconductor giant's market performance last week was...
Broadcom Inc. (AVGO) 's stock price surged significantly on Friday, rising more than 20%, pushing its market capitalization to reach the $1.024 trillion mark.The move comes a day after the company released its latest earnings report. Broadcom's optimistic forecast regarding the demand for custom...
Broadcom Inc. revealed on Thursday that its revenue in the fourth quarter of fiscal 2024 amounted to $14 billion, soaring 51% compared to the same period in 2023. Net income in the reported trimester jumped 23% in comparison to the same timeframe a year ago, reaching $4.3 billion. Diluted...
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