Broadcom Inc
Nvidia falls into correction territory, down more than 10% from its record close
Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped on Monday, putting the AI chip darling officially in correction territory even as the rest of the Nasdaq Composite rose to a record. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend. However, […]
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Stocks making the biggest moves premarket: Ford Motor, Honeywell, MicroStrategy and more
Check out the companies making headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded shares to underperform from hold . The firm mentioned concerns of an inventory overhang along with valuation. Honeywell — The industry giant saw shares rising 3% in premarket trading after the company said its board is […]
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CNBC Daily Open: Predicting the markets is pretty pointless
A trader at the New York Stock Exchange in November 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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CNBC Daily Open: The perils of market predictions
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, […]
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Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
Check out the companies making headlines in midday trading. Broadcom — Shares of the semiconductor maker jumped 20% after the company beat fiscal fourth-quarter earnings expectations and posted artificial intelligence revenue that more than tripled for the year, pushing Broadcom’s market cap above $1 trillion for the first time . CEO Hock Tan said Broadcom is […]
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Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move […]
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Stocks making the biggest moves before the bell: Broadcom, RH, Tesla, Penn Entertainment & more
Check out the companies making headlines in premarket trading. Broadcom — Shares of the semiconductor maker jumped nearly 17% after the company’s fiscal fourth-quarter earnings exceeded expectations. CEO Hock Tan said that Broadcom is developing custom artificial intelligence chips with three large cloud customers. The company also said its artificial intelligence revenue for the year […]
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New AI winners beyond Big Tech are set to emerge, UK fund manager predicts
The AI revolution is “the biggest platform shift since electricity” and, as such, will bring investment opportunities in smaller tech firms that are climbing ever nearer to the Big Tech behemoths, according to one U.K.-based fund manager. “We’re of the firm belief that the winners of this new technology cycle, that really started 18 months, […]
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CNBC Daily Open: Inflation’s hot, but so are markets this year
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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