Page 10 - Broadcom News Today

Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from business

The Vanguard Information Technology ETF contains companies that are leading the way in innovation.

Broadcom said it planned a 10-for-1 stock split in an effort to make its shares more affordable for investors and employees.

Broadcom tops Q2 estimates as AI revenue swells; unveils 10-for-1 stock split

Broadcom (NASDAQ:AVGO – Get Free Report) released its earnings results on Wednesday. The semiconductor manufacturer reported $10.96 earnings per share for the quarter, topping analysts’ consensus estimates of $10.78 by $0.18, Briefing.com reports. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.06 billion. Broadcom had a net […]

Investors are coming off a busy session that included the Federal Reserve's latest rate decision and a cooler-than-anticipated May consumer inflation print.

The company will carry out a 10-for-1 forward stock split, in a bid to make its shares more affordable for retail investors. Broadcom manufactures advanced networking chips that help move around vast amount of data used by AI applications such as OpenAI's ChatGPT, making it one of the beneficiaries of businesses heavily investing in the booming technology. Broadcom recorded revenue of $3.1 billion from AI products during the second quarter.

Broadcom announced a 10-for-1 stock split and beat earnings estimates for the second fiscal quarter.

Broadcom Inc (NASDAQ:AVGO, ETR:1YD) announced impressive Q2 FY24 earnings, driven by strong performance in its AI products and the integration of VMWare,...

Visionary Wealth Advisors trimmed its position in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,394 shares of the semiconductor manufacturer’s stock after selling 211 shares during the period. Broadcom accounts for about 0.8% of Visionary Wealth Advisors’ holdings, making the stock its 25th largest […]