Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning. Broadcom’s stock surged more than 12% after-hours.
Broadcom forecasts strong second quarter on upbeat AI chip demand
Broadcom on Thursday forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies looking to process big data, sending its shares up more than 8% after the bell.
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it.
Marvell Technology tumbled 16% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave ...
Explore concerns over AI infrastructure spending, market pressures, and Marvell Technology, Inc's potential with 800G PAM & ...
Broadcom (NASDAQ: AVGO) stock is losing ground today. The company's share price was down 5.8% as of 2:30 p.m. ET. Meanwhile, ...
Broadcom’s stock rose more than 15% in extended trading. The shares had earlier closed at $179.45 in regular New York trading ...
Marvell Technology Inc. shares tumbled the most in more than nine years after the company delivered a revenue forecast that ...
Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival ...
Marvell Technology tops fourth-quarter earnings estimates but the stock tumbles as in-line guidance disappoints investors, ...
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