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The Latest Breaking News from INC

Broadcom's $120B AI Bet: Can Hock Tan Outpace Nvidia With Next-Gen Chips?

Broadcom Inc (NASDAQ:AVGO) is no longer content to trail in NVIDIA Corp.'s (NASDAQ:NVDA) shadow. Armed with a $120 billion AI revenue target by 2030 — and CEO Hock Tan whose bonus depends on hitting it — the semiconductor giant is positioning itself to challenge Nvidia's dominance.

Benzinga

What Is Going On With Broadcom Stock On Tuesday?

Custom Application-Specific Integrated Circuits (ASICs) provider Broadcom (NASDAQ:AVGO) trended on Tuesday as the Big Tech giants (including Microsoft Corp (NASDAQ: MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms inc (NASDAQ:META) continue to invest in their artificial intelligence ambitions.

Benzinga

This Broadcom Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Benzinga

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Big Tech Titans Including Nvidia, Google And Bill Gates Back $863 Million Bet On Nuclear Fusion As Next Energy Revolution

The future of energy just got a massive boost from Silicon Valley’s biggest players. Nuclear fusion company Commonwealth Fusion Systems announced on Aug. 28 that it secured $863 million in Series B2 funding, with AI giant Nvidia (NASDAQ:NVDA) joining as a first-time investor.

Benzinga

Broadcom Stock Is Trading Higher Friday: What's Going On?

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.

Benzinga

Broadcom Bets Big On AI: Possible New Partnership With OpenAI Sparks Rally

Broadcom Inc (NASDAQ:AVGO) shares rallied in early trading on Friday on media reports of its possible partnership with OpenAI, which is gearing up to mass-produce its first proprietary AI chip.

Benzinga

Hock Tan's CEO Stint Saw Broadcom's Stock Shoot Up 26,750% After Listing, Now He's Staying On Amid Explosive AI Revenue Gains, Nvidia Rivalry

Broadcom Inc. (NASDAQ:AVGO) has extended CEO Hock Tan's leadership through 2030, rewarding the executive who has overseen a staggering 26,750% stock surge while steering the company into the heart of the artificial intelligence hardware race against Nvidia Corporation (NASDAQ:NVDA).

Benzinga

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This Startup Bets On Deep Sea Reverse Osmosis To Solve California's Drought, Targeting Commercial Use By 2028

In the middle of California's worsening drought, a startup is turning to the ocean floor for answers.

Benzinga

Google Backs Kairos Nuclear Deal As Bill Gates' TerraPower Rivalry Heats Up: 'Help America Win The AI Race,' Tennessee Valley Authority CEO Says

Google-backed nuclear startup Kairos Power has entered into an agreement with the Tennessee Valley Authority to supply up to 50 megawatts of electricity from its Hermes 2 reactor to the grid in Tennessee and Alabama by 2030.

Benzinga

Coca-Cola, Amazon, Google, And Nvidia Have Used This Startup's AI Avatars — Inside Jeff Lu's $40M Rise To America's Fastest-Growing Company

In the same Palo Alto, California, building where Mark Zuckerberg grew Facebook in 2005, Jeff Lu now leads Akool, the generative AI platform that has created lifelike avatars for Coca-Cola (NYSE:KO), Amazon (NASDAQ:AMZN), Google, and Nvidia (NASDAQ:NVDA). The company ranks No. 1 on this year's Inc. 5000 list, Inc. reports.

Benzinga

Geneva talks on global plastic pollution treaty collapse without a deal

Several delegates express dismay at the failure to break a deadlock at the sixth round of talks in under three years.

Al Jazeera

Lumentum Analysts Boost Their Forecasts Following Upbeat Q2 Results

Lumentum Holdings Inc. (NASDAQ:LITE) reported better-than-expected earnings for the fourth quarter on Tuesday.

Benzinga

Lumentum Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Lumentum Holdings Inc. (NASDAQ:LITE) will release earnings results for the fourth quarter, after the closing bell on Tuesday, Aug. 12.

Benzinga

Amsterdam nightclub scheme becomes flashpoint in Dutch city planning rows

Heritage concerns overruled as developers say planning approvals too slow in nation aiming to build 1m more homes

The Guardian - UK

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Benzinga

Toast Analysts Boost Their Forecasts After Better-Than-Expected Q2 Results

Toast, Inc. (NYSE:TOST) reported better-than-expected second-quarter earnings on Tuesday.

Benzinga

Cloudflare Stock Rises After Q2 Results Top Estimates — 'Demand Remains Strong'

Cloudflare Inc (NYSE:NET) reported second-quarter financial results after the market close on Thursday. Here’s what you need to know from the report.

Benzinga

TFI International Analysts Increase Their Forecasts After Upbeat Q2 Earnings

TFI International Inc (NYSE:TFII) reported better-than-expected earnings for the second quarter on Monday.

Benzinga

Bill Gates Took A Customer Support Shift At His Daughter's AI Startup — And Showed What Real Leadership Looks Like

Bill Gates just did something most billionaires wouldn't: he worked customer service at his daughter Phoebe Gates' startup, Phia, a new AI-powered fashion shopping platform founded with her Stanford roommate, Sophia Kianni, Inc. reports.

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Benzinga

She Once Gave Up Her Entire Salary For Child Care—Now Her $100M Startup Covers It For Every Employee

Child care costs can drain a paycheck, but at Cakes Body, those bills are now handled by the company itself. The women-led brand, founded by twin sisters Casey Sarai and Taylor Capuano, announced it will cover up to $3,000 per month in day care for each employee with children too…

Tom’s Hardware

Microsoft buys more than a billion dollars’ worth of excrement, including human poop, to clean up its AI mess — company will pump waste underground to offset AI carbon emissions

Microsoft signed a contract with Vaulted Deep to sequester 4.9 million metric tons of waste deep underground, offsetting its carbon emissions.

Benzinga

Surge AI Quietly Hit $1B Without Outside Money — Now Even VCs Want In

Surge AI stayed under the radar until this summer, when news broke that the company crossed $1 billion in annual revenue without raising any outside capital. The company offers data labeling services used by companies, including Google and OpenAI, helping them train large-scale machine learning models, Inc. reports.

The Independent UK

Fashion startup founder charged with $300 million fraud

The former chief executive of clothing technology companies has been indicted on charges alleging that she bilked investors of over $300 million since early 2019

Benzinga

Autoliv's Q2 Pops On Solid Tariff Recovery, But China Overhang Pressures Stock

Autoliv, Inc. (NYSE:ALV) topped second-quarter earnings on strong margins and tariff gains, but China headwinds dragged shares lower in Friday’s premarket.

Benzinga

'Your Instincts Will Always Guide You': How Glowbar's Founder Turned Down Pop-Ups And Built A $16 Million Skincare Empire

Rachel Liverman launched Glowbar in 2019 with a decision to avoid distractions dressed as opportunities. She said no to hosting events in the Hamptons and South by Southwest, and turned down early collaborations with outside dermatologists. Those offers were tempting, but she referred to them as "shiny objects" that would…

PC Gamer

Massive Ahold Delhaize data breach sees 2.2 million people's data exposed in ransomware attacks against major US food retailer

The attack took place in November last year, so if you haven't changed your password since then, please do.

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