Broadcom introduced VMware Cloud Foundation 9.1, a unified private cloud platform optimized for AI and Kubernetes workloads. The platform supports hybrid compute across AMD, Intel, and NVIDIA hardware, enhancing security and operational efficiency for AI applications. This launch aims to reduce infrastructure costs and complexity while addressing data privacy and readiness for advanced AI. Broadcom's stock rose to a 52-week high following the announcement, with strong analyst buy ratings and price targets above $430.
Broadcom Inc. announced it will release its third quarter fiscal year 2026 financial results and business outlook on September 2, 2026, after market close. The company will hold a conference call at 2:00 PM Pacific Time the same day to discuss the re...
The S&P 500 gained 1% over the week, driven mainly by a rebound in tech stocks, especially the Magnificent Seven. This recovery came despite a midweek selloff triggered by Federal Reserve actions. Consumer discretionary stocks also surged, hinting at...
Morgan Stanley is in advanced talks to provide a $15 billion loan to Nexus Data Centers, which will use the funds to develop a large AI infrastructure campus in Hubbard, Texas, for Anthropic. Google is backing Anthropic with its investment-grade cred...
Broadcom is rated as a 'Hold' because its business shows strong stability, driven mainly by AI-focused ASICs and networking segments expected to grow at 50% and 45% CAGR through 2030. The company's software division offers resilience and high margins...
Broadcom Inc. reported a record second quarter, driven by $30 billion in new AI-related orders and a strong 3x book-to-bill ratio. The company achieved a record operating margin of 67% and generated $10.3 billion in free cash flow. Despite some marke...
