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The Latest Breaking News from Hock Tan

Broadcom Slides on Solid Earnings, AI Outlook Still Strong

Broadcom posted Q2 results that beat estimates, but only by an inch. With shares still near highs, the focus remains on its four potential hyperscale customers.

MarketBeat

Intel's incoming Malaysian-born CEO is the latest Fortune 500 semiconductor exec to hail from Asia

Lip-Bu Tan, who was born in Malaysia and went to university in Singapore, will take over as Intel's CEO on March 18. The news sent shares up over 10%.

Fortune

Broadcom shares pop as the U.S. chipmaker brings good news to the AI sector

Broadcom's share price rose by as much as 14% in extended trading, after the firm reported healthy demand for its custom AI chips.

Fortune

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Experts Think a Broadcom Stock Split Is Coming in 2025. Should You Buy AVGO Now?

The prospective split comes close to its recent one in July.

Barchart

Apple's new BFF, Broadcom, reveals three hyperscalers want to deploy 1,000,000 GPUs or XPUs by 2027; something that will make Nvidia wince

Three hyperscalers approach Broadcom to deploy 1,000,000 GPUs or XPUs by 2027.

TechRadar

Broadcom has no Interest in buying Intel: CEO says no one asked

Hock Tan dismisses an idea to acquire Intel, as Broadcom still has to devour VMware.

Tom’s Hardware

Broadcom’s Stellar Outlook Sparks Hopes for a Semi Sector Rally

The semi ETF (SMH) has reclaimed key technical levels and is approaching significant resistance, signaling a potential breakout as investor sentiment improves.

MarketBeat

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This AI Stock Could Get Supercharged in 2025 Thanks to Apple

The reported collaboration with the iPhone maker is expected to boost the stock.

Barchart

Broadcom surges 20%, hits $1 trillion valuation on AI boom

Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.

Fortune

Now Valued at $1 Trillion, Is Broadcom Stock Still a Buy?

AVGO stock has spiked 20% today on upbeat guidance, and analysts expect the stock to keep rising on AI-fueled growth.

Barchart

A $803 billion company most people have never heard of just knocked Tesla out of the Magnificent 7

Broadcom has flown under the radar for years, but it’s about to become a household name.

Fortune

VMware called out after apparently offering this major customer a huge price rise

AT&T is looking to migrate despite the anticipated $40-50 million cost thanks to VMware’s 1,050% price hike.

TechRadar

Chip market high isn't over says Broadcom CEO, with million-accelerator clusters on the horizon

Broadcom’s CEO anticipates ongoing AI chip demand as LLMs progress, with non-AI components recovering soon.

TechRadar

Broadcom fourth-quarter revenue falls short of expectations despite AI revenue rise

Broadcom’s revenue continues to grow thanks to AI, but other verticals could be to blame for a net loss.

TechRadar

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International Business Times UK

Who Are The Top CEOs With The Highest Pay In The US And One Who Caps His To 5X His Company's Lowest Salary?

Dr. Bronner's, the soap company known for fair practices, caps CEO pay at just 5 times the lowest worker's wage.

Kiplinger

How Does Your Pay Compare to Elon Musk’s?

Elon Musk's multibillion-dollar pay package puts inequality back in the spotlight.

The Independent UK

How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison

TechRadar

VMware revenues appear to plummet, but Broadcom says everything is fine

VMware seems to report significant drop in quarterly revenue, but Broadcom’s CEO says that’s not the full picture.

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The Independent UK

CEO pay is rising, widening the gap between top executives and workers. What to know, by the numbers

The typical compensation for CEOs of S&P 500 companies keeps climber higher — and outpacing the wages of average workers today

The Independent UK

CEOs made nearly 200 times what their workers got paid last year

Even with Covid wage rises, the gap between the person in the corner office and everyone else keeps getting wider

The Independent UK

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets

Barchart

2 Semiconductor Giants That Could Follow Nvidia With a Stock Split

After industry heavyweight Nvidia announced a 10-for-1 stock split, these high-priced semiconductor stocks could be the next names to follow suit.

TechRadar

Broadcom backs down on VMware pricing rules as EU begins investigation following complaints

Existing VMware customers with perpetual licenses will get some support, but Broadcom remains committed to subscriptions.

TechRadar

Broadcom CEO acknowledges VMware-related “unease”

Broadcom knows that its VMware changes have been pretty aggressive, but it’s all with good intention, says CEO Hock Tan.

Fortune

Broadcom CEO tells VMWare workers to 'get butt back to office' after completing a $69 billion merger of the two companies

Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.

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