Apple chip supplier Broadcom hits $1 trillion market valuation for first time
1 week, 1 day ago

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Hindustan Times  

Broadcom Inc., a chip supplier for Apple Inc. hit a $1 trillion market valuation for the first time on Friday, after predicting a boom in demand for its artificial intelligence chips. Broadcom's stock rose 24 per cent to $224.80 in New York on Friday, its biggest one-day share-price rally since August 2009, when the precursor company Avago Technologies Ltd held its initial public offering. Broadcom, similar to Nvidia Corp., is making itself a major beneficiary of the AI spending frenzy, with the company's Chief Executive Officer Hock Tan saying that the firm won two major new hyperscaler customers, the biggest operators of data centers. The company has replacing Broadcom's components with that of its in-house versions, a trend that is also set to hit chipmaker Qualcomm Inc. Tan, however, said that Broadcom continued to be highly associated with Apple on multi-year road maps for various technologies, adding that the company remained open to acquisitions.

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History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
6 days, 8 hours ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time
1 week, 3 days ago

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Live Mint  

Broadcom Inc. surged to a $1 trillion market valuation for the first time on Friday, December 13, after predicting a boom in demand for its artificial intelligence chips. The chip supplier for Apple Inc. and other big tech companies predicted sales of AI products would gain 65 per cent in the first quarter, far faster than its overall semiconductor growth …

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector
1 month, 2 weeks ago

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector

Firstpost  

The buzz around NVIDIA isn’t just politics. The company has become a major player in the US stock market’s tech rally, driven by a fierce competition among Microsoft, Alphabet, and others in the race to dominate artificial intelligence The AI chip giant saw its stock jump by 2.2 per cent, a bump that propelled NVIDIA's market capitalisation to $3.65 trillion, …

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
1 month, 3 weeks ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
6 months, 1 week ago

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Monday's conference “represents the most important event for …

Google discussed dropping Broadcom as AI chips supplier: Report
1 year, 3 months ago

Google discussed dropping Broadcom as AI chips supplier: Report

The Hindu  

Alphabet-owned Google has discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, The Information reported on Thursday, sending Broadcom shares down 5% in premarket trading. If that happens, Google will design the chips - known as tensor processing units - in-house, the report said, adding that executives set a goal earlier this year to ditch …

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch
1 year, 6 months ago

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch

Live Mint  

Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. “Even with how much it has risen, it still feels like a quality company, with a lot of cash, continued innovation, a fortress balance sheet, and a …

Big tech deals keep coming: Broadcom buys VMware for $61B
2 years, 6 months ago

Big tech deals keep coming: Broadcom buys VMware for $61B

Associated Press  

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. Broadcom wants to establish a stronger foothold in the cloud computing market and VMware’s technology allows large corporations to blend public cloud access with internal …

Apple becomes first company to hit $3 trillion market value, then slips
2 years, 11 months ago

Apple becomes first company to hit $3 trillion market value, then slips

The Hindu  

Apple Inc. on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, …

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business
3 years, 7 months ago

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business

News 18  

Cupertino-based giant Apple yesterday posted its latest earnings report yesterday, where the company showed a strong ongoing demand for iPhone 12 in Q1 2021. Apple Chief Executive Tim Cook said on an investor call that Apple avoided a chip shortage in the fiscal quarter by burning through supply buffers. In the current quarter, however, the chip shortage could cost Apple …

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