Page 5 - Broadcom News Today

BROADCOM raised its annual forecast for revenue from chips that help in artificial intelligence (AI) work by 10 per cent on Wednesday (Jun 12) and announced a stock split to take advantage of a rally in its shares this year.

Broadcom's stock rises on strong AI chip sales and improved annual sales forecast - SiliconANGLE

Incremental improvements in the state of the economy ignited a broad-based market rally.

Broadcom reported better-than-expected revenue for its fiscal second quarter and announced a 10-for-1 forward stock split, sending shares higher in extended trading Wednesday.

Broadcom shares jumped in extended trading Wednesday after the chipmaker reported better-than-expected fiscal second-quarter revenue and announced a 10-for-1 stock split. Monitor these important chart levels.

Broadcom shares traded a fresh record high Thursday on enthusiasm over its position in the artificial intelligence market.

Some analysts expect this Silicon Valley semiconductor giant (not Nvidia) could soon become a trillion-dollar company.

Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes to more record highs. The S&P 500 rose

With today's big gains, Super Micro stock is now up more than 200% in 2024.

"Often times it gets over done at the end, but the end is often further into the future than many people believe," Jeremy Siegel said.