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June 29, 2024
This could be the biggest ever take over of a chipmaker. Walkon shares are spiking, up a 9 , and we are talking combined company that would have a market cap of around 200 billion and around 35 billion in annual sales. Broadcoms shares, which have been rising on a halo effect from apple, sort of volatile now. They are still gaining by about 1. 6 . If you recall yesterday, broadcom has it was changing its domicile from singapore to the United States. It made that announcement with President Trump...
June 26, 2024
Good friday morning. Welcome to squawk alley. Im kaylee towshe. Rick santelli joins us as well. Carl quintanilla has the morning off. Executive editor kara swisher. Good morning to you too. How you doing . Im in d. C. , actually. All right. Lets get to our top story today. I think well work on karas audio there. Shares of microsoft at alltime highs this morning for the First Time Since 1999, the company beating the street on the top and bottom lines and showing Significant Growth if the cloud. F...
June 26, 2024
Ewe g youve got time warner or qualcomm. These have been rumored coming to an end, but most of all we have microsoft. To me thats more messaging. Were giving a lot of credit to the ceo, which he deserves. A lot of the spending and a lot of the plan was put into effect when ballmer was there. Cloud is taking off. Thats the present and the future. Microsoft . I bought more of it yesterday. I was actually loaded up. Its been my biggest position this year. Going into the print . Going into the print...
June 26, 2024
Revenue did top estimates. One bright spot was web services, growing sales at 55 . We did talk to andy jassy earlier this month. Business is growing fast. Its an 11 billion run rate business trailing 12 months basis growing 58 year over year. The business is growing by leaps and bounds. Were trying to enable enterprises and Companies Run all their applications on top of our infrastructure platform and it turns out that database is an area they care a lot about and for the last 30 years theyve ha...