Tag: $Broadcom

Broadcom Inc. topped profit expectations for its latest quarter, but shares of the chip company were falling in Thursday’s aftermarket action.

 Broadcom tumbled 6% on Thursday after The Information reported Google executives had discussed dropping the company as a supplier of artificial intelligence chips as early as 2027.

Broadcom (AVGO.O) forecast fourth-quarter revenue slightly below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand.

U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware.

U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said.

Broadcom CEO Hock Tan says generative artificial-intelligence applications will boost demand for the company’s chips.