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Top related persons:
Broadcom's - 2 Hock Tan - 2 Tan - 2 Goldman Sachs - 1 Truist - 1 Donald Trump - 1 Trump - 1 would've - 1
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XPUs United States Singapore Washington , DC U.S Avago California
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Broadcom - 3 VMware - 3 Nvidia - 2 Wall - 1 Barclays - 1 Nasdaq - 1 White - 1 Getty - 1

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3 mentions found


☆ Broadcom jumps 9%, extending record run as Goldman expresses 'higher conviction'
  + stars: | 2024-12-16 | by ( Ari Levy | ) www.cnbc.com   time to read: +1 min
Goldman Sachs analysts, who recommend buying Broadcom shares, lifted their 12-month target to $240 from $190, citing additional large customers for custom silicon. Broadcom shares are now up almost 120% for the year, reaching a high for $245.29 on Monday. Broadcom refers to its custom AI accelerators as XPUs, which are different than the GPUs Nvidia sells. Broadcom said it doubled shipments of XPUs in the quarter to "our three hyperscale customers." The company does not name the customers, but analysts say the three are Meta, Alphabet and TikTok parent ByteDance.
Persons: Broadcom's, Goldman Sachs, Truist Organizations: Wall, Broadcom, VMware, Barclays, Nvidia, Nasdaq Locations: XPUs
☆ Broadcom's long and winding path to the trillion-dollar club, and how Trump played a role
  + stars: | 2024-12-14 | by ( Ari Levy | ) www.cnbc.com   time to read: +7 min
It agreed to acquire legacy software vendor CA Technologies for $19 billion in July 2018, and snatched up security software company Symantec for $10.7 billion in August 2019. "The recent acquisition of VMware was essentially another step towards the direction of creating a very balanced mix between" chips and infrastructure software geared to the enterprise, he said. Broadcom's infrastructure software division generated $5.82 billion in revenue for the quarter, nearly tripling from last year's $1.97 billion, a number that included a big boost from VMware. Broadcom's revenue in fiscal 2016 was $13.2 billion, and its biggest business was semiconductors for set-top boxes and broadband access. AI revenue will jump 65% year-on-year to $3.8 billion, the company said.
Persons: Donald Trump, Hock Tan, Tan, Trump, would've, Hock Tan wasn't, CNBC's Jim Cramer, It's, Cantor, Avago, Cramer, " Tan, Broadcom's, Piper Sandler, Harsh Kumar, CNBC's, Kumar Organizations: Broadcom, White, Getty, Qualcomm, Trump, Technologies, Symantec, VMware, Activision Blizzard, EMC, Nvidia, Apple, Microsoft, Intel, Devices, Agilent Technologies, Meta Locations: United States, Singapore, Washington , DC, U.S, XPUs, Avago, California
☆ Broadcom shares rise 13% on profit beat, 'massive' opportunity in AI
  + stars: | 2024-12-12 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. For the year, the company said AI revenue jumped 220% to $12.2 billion. Some of that growth is from ethernet networking parts, which are used to tie together thousands of AI chips. "We see an opportunity over the next three years in AI," Tan told investors on the earnings call. Tan said Broadcom is currently developing AI chips with three very large customers, and he expects each of them them to deploy 1 million AI chips in networked clusters by 2027.
Persons: Hock Tan, Tan, XPUs Organizations: Broadcom, VMware
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