Page 18 - Broadcom News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after its latest results and annual forecast topped estimates, lifted by robust demand for artificial intelligence products.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutStock Bull Run Breaks Record on Fed Decision Day

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

The euphoria was total as soon as the US markets opened, and lasted until 9:15pm, with investors exuberantly enthusiastic about a slightly weaker-than-expected CPI .Core CPI rose by 0.2% last month,...

Broadcom reported second-quarter revenue of $12.487 billion, beating analyst estimates of $12.028

Pathstone Holdings LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,939 shares of the semiconductor manufacturer’s stock, valued at approximately $50,196,000. A number of other hedge funds also recently made changes to […]