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Broadcom Newsroom
The communication chip giant with a Market Cap second only to NVIDIA! What is the performance of Broadcom?
When it comes to stocks benefiting from the development of AI, in addition to the superstar NVIDIA, Broadcom certainly ranks highly. As the absolute leader in the communication chip sector, the network chips provided by Broadcom are essential for data transmission between AI Chip clusters and other aspects. Standing at the forefront of this wave of AI, Broadcom's stock price has also surged for two consecutive years, becoming the chip giant with a Market Cap second only to NVIDIA.
Express News | Market news: Apple is collaborating with Broadcom on AI (artificial intelligence) chips.
US Stock Market Gold Mining | Five major Technology giants soar together! Tesla joins hands with Google, Amazon, and others to create historical highs; Broadcom jumps over 6%, partnering with Apple to produce AI Chips, the market focuses on tonight's perf
Unexpectedly turned a profit, GameStop's performance exceeded Wall Street expectations, soaring over 7% after the announcement; semiconductor materials and equipment company Astera reached a new high, with an increase of 240% since going public this year.
Earnings Reports Outlook | Non-AI Business Recovery Drives Growth, Wall Street is Bullish on Broadcom's Q4 Performance Exceeding Expectations.
Broadcom is expected to announce its fourth-quarter performance report after the market closes on Thursday, December 12.
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Earnings Scheduled For December 12, 2024
Earnings Reports Outlook | Non-AI Business Recovery Drives Growth, Wall Street is Bullish on Broadcom (AVGO.US) Q4 Performance Exceeding Expectations.
Broadcom is expected to announce its fourth quarter earnings report after the close on Thursday, December 12.
Apple (AAPL.US) is collaborating with Broadcom (AVGO.US) to develop an internal AI Chip.
Apple and Broadcom are partnering to develop AI Chips, with mass production expected in 2026.
NVIDIA, AMD, and Intel have rarely joined forces to invest in a photonic chip company.
Source: Semiconductor Industry ObserverIn recent years, with the fierce competition in AI escalating, both traditional and emerging processor giants have been engaged in intense competition surrounding CPUs, GPUs, and AI accelerators. In particular, the three iconic giants AMD, Intel, and NVIDIA are under close scrutiny due to their rivalry, which includes the chase and counterattack of latecomers, the fierce rise of new markets, and the reluctance of old giants to fall behind. It is well known that these three companies are involved in both overt and covert battles over artificial intelligence and PCs. However, recently, these three companies have rarely joined forces to invest in a company called
Counterpoint: In the third quarter, the Global Semiconductors Industry revenue reached 158.2 billion USD, with a year-on-year growth of 17%.
In the third quarter of 2024, the Global Semiconductors Industry revenue grew by 17% year-on-year, reaching 158.2 billion dollars, mainly driven by demand for AI technology and the recovery of the memory industry.
Broadcom Earnings, November PPI, Mortgage Rates: What to Watch
TOP20 turnover | Tesla rose nearly 6%, Musk's net worth set the milestone of the richest man in the world; Nvidia rose more than 3%
On Wednesday, the third-place US stock turnover Google-A closed 5.52% higher at $13.011 billion; the fifth place MicroStrategy closed 9.03% higher at $11.059 billion; and the 9th place Broadcom closed 6.63% higher, trading at $7.501 billion.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
S&P 500 Gains and Losses Today: Broadcom Soars on Reports of Apple AI Chip Tie-Up
Express News | Reminder: Please pay special attention during the day (all times are in Peking time).
Nasdaq Closes Above 20,000 for First Time, Dow Falls After CPI Data