Shares of Broadcom jump on rising AI chip sales and ‘massive opportunity’ for more
For the full fiscal year 2024, Broadcom revenue jumped 44% from a year ago, to $51.57 billion in revenue, up 44%, though net income came to $5.89 billion, down from the $14.08 billion profit it recorded a year earlier.
Canadian startup Tenstorrent and BOS Semiconductors, a South Korean chip startup backed by Hyundai Motor Group, unveiled on ...
Bank of America downgraded AMD on Monday, citing competitive risks in the AI market from Nvidia and low demand impacting ...
NVIDIA (Nasdaq: NVDA) has a dominant market share in AI chips. Companies like Broadcom (Nasdaq: AVGO) and Marvell (Nasdaq: ...
Broadcom forecast its first-quarter revenue above Wall Street estimates on Thursday, betting on booming demand for its custom ...
Chip maker and enterprise software player Broadcom announced its financial results for the final quarter of its fiscal 2024 ...
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Chips linked with light could train AI faster while using less energyA technology that packs more optical fibre connections onto chips could let them transmit 80 times as much information, ...
Apple is reportedly developing its own AI chip with Broadcom, potentially disrupting the AI chip market if sold externally.
ByteDance is the top buyer of Nvidia AI chips inside China, despite US regulations that require the sale of less powerful ...
Nvidia has been the primary beneficiary of the ongoing artificial intelligence boom, with its next-generation AI chip ...
But when it comes to AI tech, things move so quickly that what seems distant might not actually be too far away. Combine this ...
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