Mike Wheatley

Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand

The computer chipmaker Broadcom Inc. posted better-than-expected financial results and offered a strong forecast for its fiscal second-quarter revenue, citing continued strong demand for its custom artificial intelligence chips. The strong results helped to ease concerns about beaten-down AI stocks,

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Custom AI chipmaker Marvell’s stock tumbles after-hours, despite earnings and revenue beat

Chipmaker Marvell Technology Inc. delivered better-than-expected results and guidance in its latest financial report today, but investors were decidedly unimpressed, and its stock fell hard in the after-hours trading session. The company reported fourth-quarter earnings before certain costs such as

Custom AI chipmaker Marvell’s stock tumbles after-hours, despite earnings and revenue beat Read More »