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Broadcom Earnings, Jobs Report: What to Watch for the Rest of the Week
The Wall Street Journal114d agoneutral
Broadcom Earnings, Jobs Report: What to Watch for the Rest of the Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Susquehanna resets Broadcom stock target ahead of earnings
TheStreet114d agoneutral
Susquehanna resets Broadcom stock target ahead of earnings

Broadcom (AVGO) heads into June 3 earnings carrying a seemingly contradictory note that’s worth a closer look. A notable Wall Street analyst just raised his price target on the company. However, in the same note, he lowered how much AI revenue he expects Broadcom to bring in this year. And that ...

Bloomberg114d agoneutral
Broadcom Backing Lowers Debt Costs on $36 Billion Anthropic Deal

(Bloomberg) -- Broadcom Inc.’s promise to backstop the largest portion of a record-setting microchip financing deal for Anthropic is keeping yields for the deal in check, according to people familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Trump to Get Audit Immunity as $1.8 Billion Fund in DoubtAndrew Left Found Guilty in Case That Spooked Short SellersAlphabet to Raise

Only One Man Can Kill the AI Boom: Fed Chair Kevin Warsh
24/7 Wall St.114d agoneutral
Only One Man Can Kill the AI Boom: Fed Chair Kevin Warsh

The artificial intelligence boom has survived just about everything investors have thrown at it. Concerns over China, export restrictions, sky-high valuations, and even recession fears have failed to derail a rally that has added trillions of dollars in market value to companies like Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Broadcom (NASDAQ:AVGO), and Meta Platforms (NASDAQ:META). Yet there ... Only One Man Can Kill the AI Boom: Fed Chair Kevin Warsh

Oppenheimer sends clear message on Broadcom ahead of earnings
TheStreet114d agoneutral
Oppenheimer sends clear message on Broadcom ahead of earnings

Broadcom reports fiscal second-quarter earnings on June 3. The bar is high. The stock is up 80% over the past year and trades at 37 times forward earnings. One of the most respected semiconductor analysts on Wall Street just looked at all of that and said the company is likely to clear it anyway. ...

Buy, Sell or Hold Broadcom Before Earnings Tomorrow?
24/7 Wall St.114d agoneutral
Buy, Sell or Hold Broadcom Before Earnings Tomorrow?

At $459.97, Broadcom (NASDAQ:AVGO) looks attractively positioned for investors with a 12-month horizon. The stock just touched a 52-week high of $465.99 and sits on the doorstep of an earnings report that prediction markets are pricing as a near-certain beat, which makes the next 90 days a real test of the bull thesis. Broadcom designs ... Buy, Sell or Hold Broadcom Before Earnings Tomorrow?

Jobs Report, Broadcom Earnings: What to Watch This Week
The Wall Street Journal116d agoneutral
Jobs Report, Broadcom Earnings: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Nvidia’s latest product is a game-changer
TheStreet117d agoneutral
Nvidia’s latest product is a game-changer

Nvidia (NVDA) stock is up about 15.44% year to date, at the time of writing, Friday afternoon, May 29. Meanwhile, the SPDR S&P 500 index (SPY) is up about 11.06% in the same period. While the stock has outpaced the S&P 500, its growth is lagging that of other semiconductor companies that ...

Jobs Report, Broadcom Earnings: What to Watch in the Next Week
The Wall Street Journal118d agoneutral
Jobs Report, Broadcom Earnings: What to Watch in the Next Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch next Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
Reuters119d agoneutral
Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports

Apollo Global Management and Blackstone are working to bring in additional investors ‌for about $36 billion debt financing tied to AI ‌startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg ​News reported on Thursday. The debt would be used to buy custom chips from Google. Broadcom, which helps Google develop the chips, is backstopping ⁠payments on the largest portions of the transaction, the report added.