Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The strong results helped to ease concerns about beaten-down AI stocks, which surfaced yesterday after fellow chipmaker Marvell Technology Inc. only just delivered to expectations and fell sharply Thursday morning. Broadcom’s stock surged more than 12% after-hours.
Broadcom forecasts strong second quarter on upbeat AI chip demand
Broadcom on Thursday forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies looking to process big data, sending its shares up more than 8% after the bell.
IPO-bound AI cloud startup CoreWeave said on Thursday it had not seen any contract cancellations after the Financial Times ...
AI researcher Dan Hendrycks and former Google CEO Eric Schmidt stress the dangers posed by superintelligent AI.
Nvidia has only slightly rebounded from six-month lows reached earlier in the week in the wake of the Trump administration’s ...
U.S. chip stocks were the biggest beneficiaries of last year's artificial intelligence investment craze, but they have ...
Traders offered servers containing the company’s Blackwell chips by routing them through third parties in nearby regions.
On Feb 26, chip giant Nvidia Corp unveiled its earnings for the quarter and the fiscal year ended January. The artificial ...
The site, in Abilene, Texas, is expected to house 64,000 of Nvidia's coveted GB200 semiconductors by the end of 2026.
Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials ...
Marvell Technology tumbled 16% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave ...
Apple Inc. rolled out updated MacBook Air laptops and Mac Studio desktops, seeking to maintain a sales resurgence for the ...
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