UBS's trading desk says the selloff in momentum stocks is nearing an end, creating an opportunity to buy artificial intelligence and semiconductor shares. Hedge funds have unwound long positions in mo…
Nvidia Corp. remains far ahead in accelerated computing, but AMD Inc., Broadcom Inc. and other challengers are positioning themselves for a market in which demand may support multiple winners, accordi…
Qualcomm Inc. shares surged after the chipmaker forecast annual sales of more than $15 billion from AI data center components by fiscal 2029, part of a broader $40 billion revenue target for non-hands…
OpenAI and Broadcom unveiled their first custom AI chip, Jalapeno, which shows cost savings of roughly 50% compared to typical AI GPUs. The chip is being tested and will be integrated into data center…
A $35 billion AI infrastructure platform plan has been announced, affirming Broadcom Inc. (AVGO) as a promising growth stock to buy. The initiative underscores Broadcom's strategic position in the AI …
Broadcom Inc. shares fell by as much as 15% Thursday, the biggest intraday decline in more than 16 months, after the company forecast AI chip revenue of $16 billion for the fiscal third quarter, missi…