Tech Stocks Fall, Dragging Wall Street Toward Its Worst Day
Wall Street faced a significant downturn on Friday, with the tech sector leading the market lower. The S&P 500 index dropped by 1.3% from its record high, signaling its worst…
Strong Earnings Reports Surge Stocks After Thursday’s Market Close
UPDATE: A series of earnings reports from major companies has just been released, showing significant surges in stock prices. Among the highlights are Broadcom (AVGO) and Costco (COST), both of…
Broadcom’s Earnings Surge 20% Driven by AI Demand
UPDATE: Broadcom has just reported a remarkable 20% surge in earnings for the third quarter of 2023, fueled by skyrocketing demand for AI technology. The company’s total revenue reached an…
US Stocks on Edge Ahead of FOMC and Major Earnings Reports
URGENT UPDATE: US stocks are poised for significant movement as investors await crucial announcements from the FOMC and earnings reports from major companies including Adobe (ADBE), Oracle (ORCL), and Broadcom…
Nvidia Addresses Competition Concerns as Meta Considers Google TPUs
Nvidia Corporation (NASDAQ: NVDA) has responded to rising competition fears following reports that Meta Platforms (NASDAQ: META) is contemplating the use of Google’s Tensor Processing Units (TPUs) alongside its existing…
Wall Street Declines as Stocks Head for First Weekly Loss
Stocks on Wall Street experienced a notable decline on Friday, with major indices moving towards their first weekly loss in four weeks. The S&P 500 fell by 0.8% in afternoon…
Broadcom Cuts Jobs Amid AI Boom and VMware Integration
UPDATE: In a significant move, chip giant Broadcom has announced job cuts affecting sales and account management roles this week, as reported through LinkedIn posts. The layoffs, which took place…
Sercomm Unveils First Consumer-Ready Wi-Fi 8 Router Ahead of 2028
Wi-Fi 8 technology has taken a significant step toward consumer availability with the announcement from Sercomm, a Taiwanese broadband equipment manufacturer. The company, in collaboration with Broadcom, has introduced its…
Broadcom Partners with OpenAI for Major AI Chip Deal, Shares Surge
UPDATE: On October 13, 2023, Broadcom (AVGO) and OpenAI announced a groundbreaking partnership to deliver custom AI accelerators and Ethernet networking chips, boosting data center capacity by a staggering 10…