Broadcom Inc
The 4 key things we’re watching in the stock market this holiday-shortened week
The Nasdaq Composite inched higher Friday to claim its fifth straight record close, as new data this past week showed a continued cooling of inflation and Treasury yields retreated. For the week: The tech-heavy Nasdaq gained 3.2%, while the S & P 500 rose 1.6% and the Dow Jones Industrial Average fell 0.5%. Economic updates […]
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These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says
Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. The firm called out a list of overweight-rated companies that have solid prospects for upside. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista […]
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Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
Apple’s rally this week has made the iPhone maker one of the most overbought stocks on Wall Street, with its newly announced push into artificial intelligence lifting shares above $200. Apple is up nearly 8% this week after unveiling an array of new AI features at its annual Worldwide Developers Conference . It’s also the […]
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Stock splits are back in fashion. Here’s why, and which companies could be next
Stock splits, long out of favor, are making a comeback. It started with Walmart, which announced a 3-for-1 stock split on Jan. 30, with the additional shares being distributed on Feb. 23. And from there, it picked up steam. On Thursday, Williams-Sonoma announced a 2-for-1 split, and on Wednesday, Broadcom announced a 10-for-1 split. Notable […]
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Watch out, these stocks are now overvalued after going on a monster run this year
Investors may want to be careful when buying tech stocks, as some names in the sector have become overvalued after their recent gains. The Technology Select Sector SPDR Fund (XLK) and tech-heavy Nasdaq Composite have both risen around 18% this year, with the XLK surging nearly 10% in the past month alone. The S & […]
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Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster’s and more
Check out the companies making headlines in midday trading. Broadcom – Shares of the chipmaker surged around 12% after the company beat earnings and revenue estimates for the fiscal second quarter and announced a 10-for-1 stock split. Adjusted earnings per share came in at $10.96 and revenue was $12.49 billion. Analysts polled by LSEG expected […]
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Broadcom shares surge on earnings beat, increased demand for AI products
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom shares rose about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts’ estimates and showed it’s benefiting from the artificial intelligence boom. Broadcom reported earnings per share of $10.96 ahead of LSEG consensus estimates of $10.84 per share. It reported […]
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Stocks making the biggest moves before the bell: Tesla, Broadcom, Dave & Buster’s and more
Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly sharing […]
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S&P 500 futures inch higher after index’s first-ever close above 5,400: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images S&P 500 futures rose Thursday morning after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision and a May consumer inflation […]
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These are the stocks to play the next ‘bottleneck’ in AI, according to the pros
There’s been a lot of talk about artificial intelligence’s current phase: infrastructure building. That has obvious benefits for chipmakers such as Nvidia and hyperscalers like Amazon , Microsoft and Alphabet . Hyperscalers provide the massive cloud computing power needed for AI applications, and analysts have predicted the growing need for more data centers as they […]
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