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☆ Beijing weighs delaying approval of $69 bln Broadcom-VMware deal- FT
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 (Reuters) - Beijing is weighing holding up US chipmaker Broadcom Inc's (AVGO.O) $69 billion purchase of cloud computing company VMware Inc (VMW.N), the Financial Times reported on Thursday. VMWare and Broadcom did not immediately respond to Reuters request for comment. China's State Administration of Market Regulation could not immediately be reached for comment. Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Joe Biden's, Gursimran Kaur, Nivedita Organizations: Broadcom, REUTERS, VMware Inc, Financial Times, China's, Administration of, VMWare, VMware, Thomson Locations: Beijing, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. A rise in U.S. Treasury yields, with the 10-year yields up at 4.813%, pressured megacaps Apple (AAPL.O), Microsoft (MSFT.O), Alphabet (GOOGL.O) and Amazon.com (AMZN.O), dragging them down between 0.1% and 0.5%. Bank of America (BAC.N) gained 3.1%, boosting the S&P 500 (.SPX) as it joined rivals in earning more from interest payments by its customers, while investment banking and trading fared better than expected. Economy-sensitive energy (.SPNY) and materials stocks (.SPLRCM) led gains amongst the major S&P 500 sectors, while information technology (.SPLRCT) lagged behind. Dollar Tree (DLTR.O) rose 4.4% after Goldman Sachs upgraded the discount retail chain's shares to "buy" from "neutral".

Persons: Brendan McDermid, Goldman Sachs, megacaps, Sam Stovall, Thomas Barkin, Biden, Joe Biden, Benjamin Netanyahu, Lockheed Martin, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Companies, Biden, Dow, Nasdaq, Treasury, megacaps Apple, Microsoft, CFRA Research, Federal Reserve Bank of Richmond, Bank of America, Semiconductor, Dow Jones, Israel, Washington, VMware, NYSE, Thomson Locations: New York City, U.S, China, megacaps ., Philadelphia, Bengaluru

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

☆ Cramer’s Stop Trading: VMware
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: VMwareCNBC’s Jim Cramer explains why he is keeping an eye on shares of VMware.

Persons: Jim Cramer Organizations: VMware

☆ Jim Cramer says hope for China's approval of a key Broadcom deal sends shares higher
▼ + stars: | 2023-10-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

VMware (VMW) on Thursday jumped roughly 4% on reports that Broadcom's (AVGO) acquisition of the cloud and virtual machine company is likely to be approved by China shortly. China's State Administration for Market Regulation is expected to be granted conditional antitrust approval soon, according to trade publication Dealreporter. Approval of the $60 billion purchase will boost shares of chipmaker Broadcom significantly, CNBC's Jim Cramer said, citing the company's artificial intelligence efforts as another bonus. Cramer said that both stocks will continue trading higher despite an overall trying day for equities following a hotter-than-expected consumer price index print. "It's a bad day for the market because [Fed chief] Powell is a forgiving man and he's worried about the working person," Cramer said.

Persons: Jim Cramer's, CNBC's Jim Cramer, Cramer, Powell Organizations: VMware, Administration, Broadcom Locations: China

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

☆ Here are all the portfolio moves the Club made in this week's oversold market
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio. Tech stocks remained under pressure Tuesday afternoon, giving us an opportunity to buy 7 shares of Broadcom and lower our cost basis. But stocks returned to the red Thursday, and the market remained firmly in oversold territory. However, the market reversed course in midday trading, with all three major U.S. stock benchmarks trading sharply higher.

Persons: chipmaker, we've, –, Corona –, Jim, Elliott, We'd, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Coterra Energy, Devices, Broadcom, Starbucks, AMD, Tech, VMWare, Management, Wall, DuPont de Nemours, Oracle, Constellation Brands, DuPont, Modelo, Corona, Constellation, Elliott Management, U.S . Labor Department, Humana, CNBC, New York Stock Exchange, Getty Locations: China, oversold, ORCL, New York City

☆ Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.
▼ + stars: | 2023-10-04 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

There's a new stack of hardware, software, tools, and services that will power AI applications for years to come. Cloud 2.0Another key point here: Most AI developers already know how to use CUDA and Nvidia GPUs. Arguably, Nvidia has already created an AI cloud platform – as AWS once did for the Cloud 1.0 era. James Hamilton is an AWS cloud infrastructure genius who can take on Nvidia, even if the chipmaker has a major head start. Her startup spent months building a data center from scratch to help customers train AI models.

Persons: —, Jensen Huang, Nvidia Rick Wilking, Andrew Ng, CUDA, Michael Douglas, Bernstein, Douglas, Luis Ceze, Ceze, It's, Andy Jassy, Adam Selipsky, James Hamilton, Oren Etzioni, Claude, Dario Amodei, Anthropic Anthropic, Noah Berger, Sharon Zhou, Zhou, Lamini didn't, Etzioni Organizations: Amazon Web Services, Nvidia, Service, Home Depot, AWS, VMware, Cloud, Madrona Venture, Amazon, Amazon Web, Annapurna Labs, Intel, AMD Locations: San Francisco, Seattle, Selipsky

We're buying 7 shares of Broadcom (AVGO) , at roughly $812 apiece. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 80 shares of AVGO, increasing its weighting in the portfolio to 2.38% from 2.18%. AVGO YTD mountain Broadcom YTD As we've noted previously, we think Broadcom will prove to be a key beneficiary of generative artificial intelligence adoption. The acquisition stands to provide a boost to Broadcom's overall gross margin profile, given VMWare's gross margin in the mid-80th percentile. That's firmly above the 75% gross margin we saw for Broadcom overall in fiscal Q3.

Persons: Jim Cramer's, we're, we've, Hock Tan, there's, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Broadcom, AVGO, Starbucks, Nvidia, VMWare, CNBC, View, Getty

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to health care to retail
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Jeff Marks: The upcoming earnings report should be good considering how strong the beer business is doing. Jim Cramer: Estee Lauder CEO Fabrizio Freda was adamant that this quarter wouldn't be any good so everyone is selling it. (Ronald) Jim Cramer: There is no pressure that could pull oil down with the Saudi Arabia oil cuts and Russia export cuts. Jeff Marks: These oil stocks have become great hedges to inflation again, much like they were last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Jim Cramer, Johnson, Arbitrageurs, Greg, There's, We're, Elliott Management's, I'd, Elliott, Morgan Stanley, Carey, we've, James Gorman, Jim, Estee Lauder, Fabrizio Freda, there's, Dave Cote, Darius Adamczyk, Vimal Kapur, Darius, hasn't, —, Ronald, Rick, We've Organizations: Investing Club, Broadcom, VMWare, AAA, Constellation Brands, Modelo, Elliott Management, Cisco, Palo Alto Networks, Honeywell, Morgan, Morgan Stanley Laguna, GE Healthcare, Natural Resources, Devon Energy, Halliburton, HAL, Costco, Walmart, Kirkland, CNBC Locations: Canada, Johnson, Mel , Pennsylvania, Manville, New Jersey, U.S, Carey , Virginia, Asia, Kyle , Wisconsin, PANW, Omar , Colorado, Saudi Arabia, buybacks, GEHC

☆ Here's why we like Broadcom so much, especially after Google shot down a damaging report
▼ + stars: | 2023-09-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

We started buying semiconductor giant Broadcom (AVGO) last month and added to our position a few times since it reported fiscal third-quarter results Aug. 31. Indeed, the Thursday morning sell-off in Broadcom, which was down 4.3% at its intraday lows, is an overreaction. While Broadcom's AI revenue is growth is growing incredibly fast, the rest of its semiconductor business is stabilizing after working through its post-Covid inventory gluts. In fact, with the additional of VMware, Broadcom's companywide revenues will be about half semiconductor and half software. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: CNBC's Kristina Partsinevelos, Jim Cramer, EBITDA, There's, buyback, Jim Cramer's, Jim, Justin Sullivan Organizations: Broadcom, Devices, Investment, Google, Club, Apple, Software, VMware, Nvidia, Texas, AMD, Intel, Marvell, CNBC Locations: San Jose , California

☆ Bank of America upgrades this cloud computing stock that can surge nearly 50%
▼ + stars: | 2023-09-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nutanix has a promising multilever growth story, according to Bank of America. Nutanix, which offers cloud services and software solutions, recently announced a new software-defined platform called " GPT-In-A-Box. " The partnership will combine "the Nutanix cloud platform with Cisco's UCS compute, cloud management, networking and security," said the analyst. Mohan thinks the company could also benefit from Broadcom's upcoming acquisition of cloud computing peer VMware. Ahead of the company's analyst day later this month, Mohan thinks Nutanix can exceed Wall Street consensus estimates.

Persons: Nutanix, Wamsi Mohan, ACV, Mohan, — CNBC's Michael Bloom Organizations: Bank of America, Cisco, VMware, Broadcom, Dell, HP Enterprise Locations: billings

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Insider Today: Your knockoff's hidden cost
▼ + stars: | 2023-09-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Tech: What could become of VMware employees when Broadcom's acquisition closes. What could become of VMware employees when Broadcom's acquisition closes. AdvertisementAdvertisementSo, instead of visiting the company's website, you head to one of the many e-commerce sites offering knockoffs. 3 things in techRaghu Raghuram VMwareLeaked email: The fate of VMware employees as Broadcom acquisition closes. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Sen, Mitt Romney, Chelsea Jia Feng, Insider's Jennifer Ortakales Dawkins, Counterfeits, Birkin, Dow Jones, Michael M, Ray Dalio, Raghu, —, chatbot, Brooks Kraft, Vivek, crowdfunding, Joe Raedle, JW Anderson, Molly Goddard, Julia Pugachevsky, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, VMware, Yorkers, Bridgewater Associates, Broadcom, Apple, Brooks Kraft LLC, Burberry, Riot Fest Chicago, Foo Fighters, Postal Service, Cutie, Happy National Hispanic, Costa Rica Blue Locations: Wall, Silicon, New York, Queens, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Spain, New York City, San Diego, London

☆ Leaked email outlines VMware employees' potential fates as the Broadcom acquisition closes
▼ + stars: | 2023-09-14 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +2 min

VMware employees received an email this week laying out what their fates could be when Broadcom closes its $61 billion acquisition of the cloud computing and virtualization company. Sutter had cautioned that employees should "expect a feeling of acceleration" as the close date approaches and that Broadcom is "driving the playbook," the email said. According to the email, VMware employees will have one of three options for their employment status: receive a Broadcom offer, a transitional role offer, or a severance package. VMware is aiming to notify employees of their status by mid to late October, but it could be later or after the acquisition closes, the email said. The target for notifying employees of their status is mid-late October, but it could be later or even after close.

Persons: Raghu Raghuram, Betsy Sutter, Sutter Organizations: VMware, Broadcom, Employees

☆ Stocks stage a comeback, while two Club tech names report — and what's on tap for next week
▼ + stars: | 2023-09-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major U.S. stock indices rebounded this past week following a lackluster August, delivering their best one-week performances since July. Here's a quick update on the past week: The August ADP employment report numbers came in lower than expected. Earnings : No Club companies report next week. Over 99% of S & P 500 companies have now reported earnings results for the second-quarter season, according to FactSet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Nonfarm payrolls, Dow Jones, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dow Jones, Nasdaq, Federal Reserve, Labor, U.S . Labor Department, ISM Manufacturing, Broadcom, VMware, PMI, Photonics, Akoustis Tech, GameStop, Eagle Outfitters, SAIC, Brands, ABM Industries, Kroger, KR, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Asana, ASAN, New York City

☆ The Club had a busy week of trades as the stock market recovered. Here's a run-down
▼ + stars: | 2023-09-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

The Club purchased 100 shares of Estee Lauder, at $154.11 each, bringing Estee Lauder's weighting in the portfolio to 2.32%, up from from 1.77%. The Club purchased 145 shares of GE HealthCare Technologies (GEHC), at $68.75 apiece, bringing its portfolio weighting to 2.66%, up from from 2.31%. The Club purchased 120 shares of Walt Disney (DIS), at $83.61 apiece, increasing its portfolio weighting to 3.89%, up from 3.55%. With the stock down nearly 6% midmorning Friday, the Club added 17 more shares , at $870.85 each, increasing the company's portfolio weighting to 2.02%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Estee Lauder, Walt Disney, Bob Iger's, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Club, The, Devices, Broadcom, AMD, Nvidia, The Club, GE HealthCare Technologies, Management, Walt, Starbucks, Emerson Electric, Emerson, VMWare, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Here's, China, U.S, New York City

We're buying up another 17 shares of Broadcom (AVGO) Friday, at roughly $870.85 apiece. Broadcom stock took another leg lower Friday following our purchase earlier , and is down nearly 6% in midmorning trading. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer's, Jim Cramer, Jim, Wong Yu Liang Organizations: Broadcom, AVGO, VMWare, CNBC

☆ Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A Dell Technologies flag outside the company headquarters in Round Rock, Texas, US, on Monday, Feb. 6, 2023. Check out the companies making headlines before the bell:Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts' second-quarter expectations. MongoDB — MongoDB advanced 5% after topping Wall Street expectations in its latest quarter. Lululemon Athletica — Shares added 2.3% in premarket trading after the athletic apparel retailer reported an earnings beat. VMware gave a mixed second-quarter report on Thursday, beating expectations for earnings per share while missing on revenue.

Persons: Refinitiv, Morgan Stanley, Dell, Lululemon, Roz Brewer, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: Dell Technologies, Revenue, Walgreens, Alliance, Vale, JPMorgan, VMware, Broadcom, Broadcom — Locations: Round Rock , Texas

Following the trade, Jim Cramer's Charitable Trust will own 50 shares of AVGO, increasing its weighting in the portfolio to 1.46% from 0.97%. With shares of Broadcom set to open down about 4% following the semiconductor firm's quarterly results Thursday, we are stepping in to build up our newest position . We also want to expand our Broadcom position before its planned acquisition of cloud-computing firm VMWare closes, likely at the end of October. The deal should provide a nice boost to Broadcom's gross profit margins, while adding a strong stream of recurring revenue. Industry Leader: Broadcom (BRCM)Annual revenue per employee: $605,318Annual profit per employee: $6,559Employees: 7,185Industry Laggard: National Semiconductor (NSM)Annual revenue per employee: $224,877Annual profit per employee: $30,164Employees: 6,500 Photo: Huang jia hui

Persons: Jim Cramer's, TD Cowen, Wells, Jim Cramer, Jim, Huang jia Organizations: Broadcom, AVGO, VMWare, Wall, CNBC, Industry, National Semiconductor Locations: Wells Fargo, –

☆ Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more
▼ + stars: | 2023-09-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Fiscal second-quarter earnings per share came in at $2.68, versus the $2.54 expected from analysts polled by Refinitiv. PagerDuty — The stock declined 7.7% after PagerDuty issued third-quarter earnings guidance that missed analysts' expectations. The company expects earnings per share between 13 cents and 14 cents for the quarter, below a StreetAccount consensus of 15 cents per share. The company's earnings per share came out at $1.71, however, which was lower than analysts' expectations of $1.76, according to StreetAccount. The database software maker posted adjusted earnings of 93 cents per share on revenue totaling $423.8 million for the second quarter.

Persons: Lululemon, Papa John's, PagerDuty, Baird, Precious, Refinitiv, Morgan Stanley, Dell, Roz Brewer, Tesla, — MongoDB, Yun Li, Alex Harring, Michelle Fox Theobald Organizations: Broadcom, VMware, Refinitiv, Revenue, Dell Technologies, Walgreens, Alliance Locations: San Jose , California, China

☆ Broadcom's post-earnings pullback doesn't shift the fundamentals. It's a buying opportunity
▼ + stars: | 2023-08-31 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Excluding these AI-related sales, semiconductor sales have largely stabilized around the $6 billion level and management continues to think that a "soft landing" is still in the cards. In fact, networking revenue was up 20% versus the year ago period and now represents 40% of revenue at the company's semiconductor segment. Elsewhere within semiconductor solutions, wireless revenues (24% of segment revenue) were flat year-over-year, as was revenue for server storage connectivity (17% of segment revenue). Broadband sales (16% of segment revenue) moderated to 1% year-over-year growth following nine-consecutive quarters of double-digit growth. Industrial sales (about 3% of segment revenue) were down 3% year-over-year.

Persons: Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Broadcom Lucas Jackson Organizations: Semiconductor, Broadcom, Revenue, VMWare, Club, Management, Outlook Management, CNBC

☆ Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB
▼ + stars: | 2023-08-31 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

MongoDB reported earnings of 93 cents per share, excluding items, on revenue totaling $423.8 million in the second quarter. That came in ahead of the earnings per share of 46 cents and $393 million in revenue expected by analysts polled by Refinitiv. The semiconductor company called for fourth-quarter revenue of $9.27 billion, while analysts polled by Refinitiv anticipated $9.275 billion. Meanwhile, analysts polled by Refinitiv expected $1.71 in earnings per share and $3.46 billion in revenue. Lululemon also said it now expects sales of $9.51 billion to $9.57 billion for the fiscal year.

Persons: MongoDB, Dell, Refinitiv, Lululemon Organizations: Refinitiv, Dell Technologies, Broadcom —, VMware

☆ SentinelOne CEO says the cybersecurity company is not for sale
▼ + stars: | 2023-08-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

SentinelOne , a cybersecurity company that went public in 2021 and has yet to see its stock price exceed highs from that year, is not for sale, Tomer Weingarten, its co-founder and CEO, told CNBC in an interview Thursday. Bloomberg reported security startup Wiz was considering an acquisition of SentinelOne, pointing to comments from a Wiz spokesperson. SentinelOne shares rose more than 10% in extended trading Thursday after the company reported stronger-than-expected fiscal second-quarter results. The best way to do that is to remain a publicly traded independent company, Weingarten said. Excluding the after-hours move, SentinelOne shares have risen about 14% so far this year, trailing the First Trust Nasdaq Cybersecurity ETF, which is up about 22% during the same period.

Persons: Tomer Weingarten, Weingarten, SentinelOne Organizations: CNBC, Bloomberg, Revenue, CrowdStrike, VMware, Microsoft, Incumbents, Wiz, Trust Nasdaq

☆ Lululemon's strong Chinese demand sets the stock apart from other retailers: Laffer Tengler CEO
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon's strong Chinese demand sets the stock apart from other retailers: Laffer Tengler CEONancy Tengler, CEO & CIO of Laffer Tengler Investments, joins 'The Exchange' to discuss how to trade the Broadcom and VMWare deal, Chinese demand for Lululemon setting it apart from other retailers, and Pagerduty seeing a stagnation in valuation since its IPO.

Persons: Nancy Tengler Organizations: Laffer, Investments, Broadcom, VMWare

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