The Latest Breaking News from AVGO

Artificial intelligence chipmakers saw strong momentum this week as corporate earnings, cloud computing contracts, and surging demand for AI infrastructure fueled gains across the sector.

John Rowland explains the connection between ETF flows, AVGO, and the Magnificent 7 in this clip from the Sept. 5 livestream of Market on Close.

Broadcom Inc. (NASDAQ:AVGO) has granted Chief Executive Officer Hock E. Tan a long-term equity award that directly links his compensation to the company’s success in artificial intelligence, underscoring the board’s commitment to retaining his leadership through the end of the decade.

Broadcom is a mega-cap semiconductor stock that continues to grow at a stellar pace given its expanding portfolio of AI chips.

Over the past 12 months, Broadcom stock has surged significantly, driven by strong demand for the company’s AI semiconductors.

Nvidia stock pulled back after Broadcom said its XPUs are gaining traction among hyperscalers. Citi recommends loading up on NVDA shares on the dip.

Broadcom (NASDAQ:AVGO) has evolved from a smartphone component supplier into a major player in artificial intelligence chips and networking solutions, capitalizing on rising demand from tech giants building large-scale data centers. The stock gained attention Monday following reports of its partnership with OpenAI.

Both history and folklore are replete with accounts of circumstances looking incredibly grim — until an unexpected catalyst delivers a much-needed reprieve. Investors of semiconductor giant Nvidia Corp (NASDAQ:NVDA) will be hoping for just such a turnaround. While the company has practically been synonymous with the remarkable rise of artificial…

Broadcom Inc. (NASDAQ:AVGO) shares are trading higher Friday after the company reported better-than-expected third quarter financial results and issued fourth quarter sales guidance above estimates on Thursday.