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Broadcom Newsroom
Broadcom rises over 8% again, with a cumulative increase of over 35% in two days! Which company will become the next member of the "trillion Market Cap club"?
After Broadcom's market cap exceeded one trillion dollars, there are currently nine companies in the "trillion-dollar market cap club" in the U.S. stock market, namely Apple, Microsoft, NVIDIA, Amazon, Google, Meta, Tesla, Broadcom, and Taiwan Semiconductor.
Morgan Stanley's in-depth analysis of the Industry Chain for ASICs: Who are the big winners?
Morgan Stanley believes that although NVIDIA's GPUs have a clear performance advantage, the initial cost of ASICs is lower, making them particularly suitable for budget-constrained Cloud Computing Service providers. Broadcom, Semiconductor Manufacturing International Corporation, and Socionext are viewed as Bullish. Cadence Design Systems, Taiwan Semiconductor, and their supply chain partners will benefit from the rapid growth in ASIC design and manufacturing.
The Wall Street darling has changed! The divergence between Broadcom and NVIDIA has intensified, with Broadcom soaring over 11% while NVIDIA has declined.
Despite the lack of support from NVIDIA, the Nasdaq Composite Index still reached a historic high on Monday. On the same day, other semiconductor stocks also performed well. Micron Technology rose over 5% before the upcoming quarterly Earnings Reports, and at one point surged over 8% during intraday trading. Marvell Technology increased by 3.3%, and Lam Research rose by more than 2%.
Broadcom Is Having Its Own 'Nvidia Moment' as Stock Swells Further
From NVIDIA to Broadcom, a "paradigm shift" in the AI Industry.
As AI large models transition from the pre-training phase to the logical reasoning phase, dedicated chips represented by ASICs may gradually replace general-purpose chips represented by GPUs, becoming the "new favorite" of major AI companies. Analysis suggests that if Broadcom's CEO's predictions about the ASIC market are accurate, the AI Business related to Broadcom's ASICs is expected to achieve annual growth of doubling over the next three years.
Broadcom Options Spot-On: On December 16th, 1.21 Million Contracts Were Traded, With 2.59 Million Open Interest
On December 16th ET, $Broadcom(AVGO.US)$ had active options trading, with a total trading volume of 1.21 million options for the day, of which put options accounted for 36.91% of the total
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Benzinga Market Summary: Broadcom Continues Higher, Bitcoin Reaches All-Time High, Wedbush Raises Tesla PT
Equities Mostly Rise Intraday as Markets Await This Week's Fed Decision
Why Broadcom Soared (Again) Today
Top Midday Gainers
Trending Stocks Today | Sidus Space Shoots up 198.69%
December 16th - US stocks trending in regular trading hours.Gainers: $Sidus Space(SIDU.US)$ shoots up 198.69% to $4.27 with a turnover of $651.98 million. $WeBuy Global(WBUY.US)$ soars 83.88% to $0.32
Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fueling Crypto Stocks Rally: What's Driving Markets Monday?
Goldman Sachs has raised the Target Price for Broadcom (AVGO.US) to $240, stating greater confidence in its outlook.
Broadcom (AVGO.US) surpassed a market cap of 1 trillion USD last Friday, with Goldman Sachs raising Broadcom's 12-month target price from 190 USD to 240 USD, bullish on Broadcom having more customized chip major clients. Goldman Sachs stated that Broadcom also acquired VMware for 61 billion USD last year, and the company's management has revealed its execution status, with the firm expressing increased confidence in the company's future revenue and profit growth prospects.
Broadcom Jumps 9%, Extending Record Run as Goldman Expresses 'Higher Conviction'