News
AVGO
1294.42
+2.99%
37.60
Noteworthy Thursday Option Activity: AVGO, HOG, IMAX
NASDAQ · 6h ago
2 Semiconductor MANGO Stocks Trading Near 52-Week Lows As They Head Into Q1 Earnings
ON Semiconductor and Globalfoundries Inc are trading near their 52-week lows. These companies are part of the MANGO acronym, a group of semiconductor companies. ON Semiconductors and GLOBALFOUNDRIES appear to be undervalued compared to their peers.
Benzinga · 6h ago
BUZZ-U.S. STOCKS ON THE MOVE-Loar, Regeneron, Intel
U.S. Stocks slumped on Thursday. Dow Jones Industrial Average was down 1.15% and the S&P 500 was down 0.76%. Most megacaps fell after Meta Platforms' quarterly results. Newmont Corp. Was the top percentage gainer on the NYSE and the Nasdaq.
Reuters · 7h ago
BUZZ-U.S. STOCKS ON THE MOVE-Viking, Alphabet, Dover
U.S. Stocks were sharply lower on Thursday. The Dow Jones Industrial Average was down 1.58% and the S&P 500 and Nasdaq Composite were also down. Meta Platforms dropped 12.7% after dour quarterly results. Newmont Corp was the top percentage gainer on the S.P. 500 and the Nasdaq.
Reuters · 8h ago
SOXQ: An Optimal Portfolio For The Cyclical Recovery
Seeking Alpha · 9h ago
Meta's AI Spending Spree Is Boosting Chip, Networking, Server Stocks
Meteor Platforms says it plans to invest in artificial-intelligence-related projects. The company sees 2024 capital spending of between $35 billion and $40 billion. That's good news for other companies that make chips and systems for AI. Nvidia shares were up 2% Thursday.
Barron‘s · 9h ago
Stocks Retreat as Persistent Inflation Dents Fed Rate-Cut Hopes
US stock indexes Thursday closed moderately lower, led by weakness in technology stocks. Large-than-expected downward revision to US Q1 GDP and upward revision to the Q1 core price index fueled fears of stagflation. European stock markets settled mixed; European government bond yields moved higher.
Barchart · 9h ago
Semiconductors largely higher even as big tech sells off; Intel results on deck
Semiconductors largely higher even as big tech sells off; Intel results on deck; Intel shares rose 1.2% on Thursday. STMicroelectronics shares rose 2% after the company offered up mixed first-quarter results. Semiconductor stocks were largely higher on Thursday amid a broader market sell-off. Intel is slated to report first- quarter results after the close of trading.
Seeking Alpha · 10h ago
BUZZ-Chip stocks outperform broader markets on signs of strong AI spend
Chip stocks outperform broader markets on signs of strong AI spend. Philadelphia Semiconductor Index .SOX rises 0.6%, bucking the broader market trend. Sign of increasing investments in AI spurred bets of higher demand for chips that support the technology. Instagram parent forecast higher AI expenses and lighter-than-expected revenue.
Reuters · 10h ago
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys. Global stock indices continued an upward trend in March, with both U.S. Stocks rising by 3%. Nvidia unveiled its groundbreaking Blackwell chip at GTC 2024. The S&P 500 recorded its longest positive monthly streak since 2021.
Seeking Alpha · 13h ago
UPDATE 4-Meta sparks tech selloff as AI splurge spooks Wall Street
Shares of social media firm Meta Platforms sink 13% on Thursday, wiping $170 billion from its market value. CEO Mark Zuckerberg says company's investment in AI could take years to pay off. The drop triggered a selloff in shares of big tech companies including Microsoft and Alphabet. The focus on AI sparked a 2% jump in chip companies.
Reuters · 16h ago
UPDATE 1-Caltech resolves lawsuit against HP over Wi-Fi patents
Caltech agrees to drop lawsuit accusing HP of infringing patents related to wireless communications. HP says it is "pleased to have this matter resolved" Caltech previously won a $1.1 billion jury verdict against Apple over some of the same patents. HP has previously denied the allegations.
Reuters · 1d ago
Caltech resolves lawsuit against HP over Wi-Fi patents
Caltech resolves lawsuit against HP over Wi-Fi patents. Caltech accused HP of infringing patents related to wireless communications. The university previously won a $1.1 billion jury verdict against Apple over some of the same patents. HP has previously denied the allegations and asked the court to dismiss the case.
Reuters · 1d ago
Jim Cramer Says This Energy Stock Is 'Terrific,' Calls Casey's General Stores A 'Winner'
Jim Cramer recommended selling Petróleo Brasileiro S.A. – Petrobras (PBR) on CNBC's "Mad Money Lightning Round" The CNBC host recommended buying Cheniere Energy, Inc. And Broadcom Inc. Cramer also recommended buying Recursion Pharmaceuticals and Casey's General Stores.
Benzinga · 1d ago
Dividends And Total Returns Are Not Mutually Exclusive: Consider VIG
Dividends And Total Returns Are Not Mutually Exclusive: Consider VIG. Dividends can help enhance a stock's total return over the long term. The Vanguard Dividend Appreciation Index ETF is a sound fund for doubling down on this philosophy. The fund has the lowest expense ratios of any dividend growth fund in the market.
Seeking Alpha · 1d ago
Is FlexShares Quality Dividend ETF (QDF) a Strong ETF Right Now?
NASDAQ · 1d ago
JGRO: Promising ETF In The Growth Category
JPMorgan Active Growth ETF (JGRO) is an actively managed ETF focused on companies with above-average earnings growth. The portfolio is heavily invested in large companies of the technology, consumer discretionary and communication sectors. JGRO performance since inception is promising, slightly ahead of other growth funds in the same category.
Seeking Alpha · 1d ago
Tech Is Looking Shakier. These 3 Unsexy Names Could Break Out.
Investors are looking for companies with growing sales growth. The S&P 500 index is down 4.6% this month. Barron's screened for companies expected to see big sales growth in the first quarter. Most of the Magnificent Seven companies have beaten analysts' revenue estimates.
Barron‘s · 1d ago
Seagate Technology to Sell Assets to Broadcom Subsidiary for $600M
Seagate agrees to sell intellectual property and equipment assets to a Broadcom subsidiary for $600 million in cash. The assets are related to the design, development and manufacturing of system-on-chip products. Broadcom's subsidiary agreed to offer jobs to certain employees associated with those operations.
Dow Jones · 2d ago
Chips likely to show 'broad-based' headwinds with AI, PCs shining: Susquehanna
Tech Chips likely to show 'broad-based' headwinds with AI, PCs shining: Susquehanna. Analyst says the PC space is likely to be stronger than expected in the first quarter. The semiconductor industry is set to report first-quarter results this week.
Seeking Alpha · 2d ago
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About AVGO
Broadcom Inc. is a global technology company that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. The Company's semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides semiconductor solutions for managing the movement of data in data center, service provider and enterprise networking applications. Its infrastructure software segment includes its mainframe, distributed and cyber security solutions, and its fiber channel storage area networking (FC SAN) business. It provides a portfolio of software solutions that enables customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Its product portfolio serves markets, including cloud, data center, networking, broadband, wireless and enterprise software.