Shares of Broadcom (NASDAQ: AVGO) are up more than 780% in the last five years, pole-vaulting its market cap to over $900 ...
Broadcom shares rallied after the company posted strong first-quarter earnings and guidance and signaled ongoing AI demand.
The AI chipmaker offered an upbeat second-quarter outlook that was a silver lining in the otherwise downtrodden AI trade.
Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis.
Infrastructure software growth: Beyond its roots in semiconductors, Broadcom has significantly expanded its software portfolio, initially with CA Technologies and Symantec, and more recently with ...
Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software. Market Capitalization ...
Broadcom Inc. shares have decreased 23% since the beginning of the year, while the S&P's 500 index has declined slightly more than 2%. In the final minutes of trading on Thursday, shares hit $179.45, ...
Recently, deals have been software-focused (Broacade, CA, Symantec, and VMware). We believe that up to this point, Broadcom has bought niche, but moaty software businesses that have augmented the ...