Broadcom reported an 86% year-over-year revenue increase to $29.59 billion and adjusted EPS of $3.32 for Q3, driven by strong AI semiconductor demand. However, shares fell 2.1% premarket due to weaker-than-expected Q4 revenue guidance of $34.8 billion versus analyst estimates of $35.1 billion. The U.S. Justice Department expanded its investigation into the meatpacking industry, seeking data from major retailers amid near-record beef prices. Meanwhile, Chipotle announced its first restaurant in Asia, opening in Seoul with plans for further expansion in South Korea and Singapore by 2027.
Broadcom reported better-than-expected quarterly results but its shares fell due to a fourth-quarter revenue forecast below analyst estimates. CEO Hock Tan revealed plans to double AI revenue to $115 billion in 2027 and then to $230 billion the follo...
Broadcom Inc. reported strong fiscal Q3 results, surpassing revenue estimates with an 86% increase driven by semiconductor solutions, which now make up 70% of its revenue. The company benefits from demand for custom AI accelerators and networking pro...
Broadcom Inc. reported a robust Q3 with earnings per share up 96% and revenue rising 86%, driven by a 221% surge in AI semiconductor sales and 30% growth in infrastructure software. Despite these strong results, the stock price fell after earnings, p...
JPMorgan's JEPI ETF offers an 8.33% yield mainly from option premiums and large-cap stocks, but in taxable accounts, most distributions are taxed as ordinary income, not at the lower qualified dividend rate. This results in a significant tax penalty—...
Broadcom's shares fell over 6% after the company forecasted fiscal Q4 revenue of $34.8 billion, below Wall Street's $35.03 billion estimate. This overshadowed a strong Q3 performance where revenue rose 86% year-over-year to $29.6 billion, driven by a...
