Chipmaker Broadcom $AVGO released 3Q results. Earnings came in above expectations, while revenue failed to surprise. Investors were disappointed by the 4Q outlook, expecting it to be higher due to AI.
Results
Semiconductor Solutions revenue was $6.94 billion, versus analyst estimates of $6.87 billion, and $6.62 billion a year ago.
Software infrastructure revenue was $1.94 billion,... Read more
Another giga acquisition on the way? Shares of Broadcom $AVGO and VMware $VMW are soaring after the European Commission approved the $61 billion merger.
The European Antitrust Commission first warned that VMware's acquisition by US chipmaker Broadcom would harm competition in the global market for FC HB), a type of storage adapter.
It's definitely great news for investors. I don't invest in the company and I don't have much interest in it. However, as I watch and read, I think I made a mistake and will take a closer look at the company.
There are some good points and some that are a bit against. I don't see a lot of growth there right now either and I would have expected some sort of drop off. If we get to even lower levels than we were last year, that would be a bump. Still no blood flowing in the market yet...
Great, thanks for the summary. This stock doesn't look bad at all and I rather like it. I will take a closer look at the stock :)