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Latest cryptocurrency news and articles about broadcom. Stay updated with developments, analysis, and insights.
Wall Street deals with circular money machine risks as AI firms fund demand boom
Wall Street is facing a strange kind of storm, where the same companies behind the AI boom are also now funding the very demand that brings them profits, and it is starting to look less like collabora...
OpenAI's $1T spending commitment to power dealmaking boost among US firms
OpenAI is collaborating with several US corporate and technology firms to build a web of billion-dollar deals, all to spend a trillion dollars within the next 5 years. The ChatGPT maker has committed ...
Broadcom’s Hock Tan predicts $10T global GDP boost from AI
Hock Tan, the CEO of Broadcom, told Jimmy Cramer on Monday that artificial intelligence could soon account for a much larger share of the world’s economy as it spreads through every industry on the pl...
Here’s How High The XRP Price Would Be With The Market Cap Of Bitcoin
Among all the cryptocurrencies in the industry, few have seen as many comments and predictions as XRP. Once trapped under legal uncertainty, XRP has begun to reclaim attention thanks to favorable lega...
Broadcom's Hock Tan set to earn $616.6 million stock awards if AI sales boom
Broadcom’s Chief Executive Officer, Hock Tan, has been promised one of the largest prospective payouts in the semiconductor industry in corporate America if the chipmaker can achieve ambitious artific...
TSMC posts 34% August revenue surge on booming AI chip demand
Taiwan Semiconductor Manufacturing Co., better known as TSMC, recorded NT$335.8 billion in sales for the month of August, equal to roughly $11.1 billion, and a 34% surge compared to the same month las...
Slowing U.S. job growth turns AI into Wall Street’s new safety play
The U.S. job market shrank massively in June, July, and August. At the same time, the Nasdaq Composite set another record. The two events ran side by side, completely disconnected. But Wall Street isn...
Citi cuts Nvidia price target to $210 on rising AI chip competition
Citi has cut Nvidia’s price target from $220 to $210, as analyst Atif Malik warned that new AI chip rivals are crowding the space. The update came Monday, according to Citi’s latest client note, after...
OpenAI taps Broadcom for rumored 2026 expansion into AI chip production
ChatGPT maker OpenAI is scheduled to start producing its first AI chip in 2026 in a partnership with semiconductor firm Broadcom, although it will not be sold externally. The initiative is reportedly ...
Broadcom stock surges 4% after earnings beat and $10 billion custom chip order
Broadcom shares climbed 4% in after-hours trading on Thursday, after the company posted strong third-quarter results and confirmed a $10 billion custom chip deal with a new cloud customer. The earning...
Markets brace for Broadcom earnings as investors rationalize AI spending
Broadcom Inc. is set to report earnings on Thursday, and all eyes will be on the numbers. This year, the chipmaker has been a major beneficiary of the artificial intelligence (AI) boom. Since April, t...
US, Chinese tech giants post underwhelming numbers as AI push backfires
Shares of Dell Technologies fell almost 6% premarket on Friday after the company projected underwhelming third-quarter profits and reported a second-quarter margin rate that missed Wall Street targets...