Broadcom (AVGO) shares have gained 26.7% year to date, outperforming the Zacks Computer & Technology sector’s return of 16.5%. It has been benefiting from the growing demand for AI infrastructure and the strong deployment of generative AI.Broadcom’s solutions are suitable for addressing the needs of an increasing AI workload and the growing need for fast networking in data centers. Its latest 400G PCIe Gen 5.0 Ethernet adapters are poised to transform the data center landscape by addressing the escalating c ...

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In the latest trading session, Broadcom Inc. (AVGO) closed at $1,414.03, marking a +1.34% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.09%. Meanwhile, the Dow lost 0.49%, and the Nasdaq, a tech-heavy index, added 0.65%.Shares of the chipmaker have appreciated by 15.82% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 5.78%.The upcoming earnings release of Broadcom Inc. will be o ...

PALO ALTO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) today announced its latest portfolio of highly-scalable, high-performing, low-power 400G PCIe Gen 5.0 Ethernet adapters to revolutionize the data center ecosystem. These latest products offer an enhanced, open, standards-based Ethernet NIC and switching solution to resolve connectivity bottlenecks as XPU bandwidth and cluster sizes grow rapidly in AI data centers. “At Broadcom, we recognize the significance of fostering a power ...

PALO ALTO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced its latest portfolio of highly-scalable, high-performing, low-power 400G PCIe Gen 5.0 Ethernet adapters to revolutionize the data center ecosystem. These latest products offer an enhanced, open, standards-based Ethernet NIC and switching solution to resolve connectivity bottlenecks as XPU bandwidth and cluster sizes grow rapidly in AI data centers. "At Broadcom, we recognize the significance of fostering a power- ...

The AI hype train took semiconductor stocks to new heights last year. However, following a spectacular rally over the past couple of years, the semiconductor market is at a critical juncture.  Hence, investors would be better served by diversifying away from semiconductor stocks to sell.The irony is that with all the generative AI buzz, semiconductor demand fell last year. According to the Semiconductor Industry Association (SIA), global semiconductor revenues last year came in at $526.8 billion, an 8.2% dr ...

PALO ALTO, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) today announced its Accelerate Program, delivered through sole-provider distribution agreements. An expansion of the Broadcom Global Cybersecurity Aggregator Program, the Accelerate Program is aimed at providing enhanced service levels for more Broadcom software solutions delivered to a broader range of Broadcom customers across multiple geographies. Through the Broadcom Accelerate Program, partners will act as an extension of ...

PALO ALTO, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced its Accelerate Program, delivered through sole-provider distribution agreements. An expansion of the Broadcom Global Cybersecurity Aggregator Program, the Accelerate Program is aimed at providing enhanced service levels for more Broadcom software solutions delivered to a broader range of Broadcom customers across multiple geographies. Through the Broadcom Accelerate Program, partners will act as an extension of t ...

It’s no secret that companies are ramping up security spending to combat rising threats. The cybersecurity market is projected to reach $183 billion globally this year, presenting major growth opportunities in cybersecurity stocks. With attacks growing more frequent and costly, businesses simply cannot afford to skimp on protection. Savvy investors can position themselves to benefit by adding exposure to leading cybersecurity stocks. Their innovative portfolios span key growth areas like cloud security, cri ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Broadcom Inc. (AVGO) . This company, which is in the Zacks Electronics - Semiconductors industry, shows potential for another earnings beat.This chipmaker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarter ...