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05/09/2025
The settlement price of Brent crude oil futures was reported at $66.99 per barrel, down 61 cents, a decrease of 0.9%.
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3 m ago
Broadcom executives said that the demand for non-artificial intelligence semiconductors is still recovering slowly.
3 m ago
Broadcom executives say demand for non-artificial intelligence semiconductors is still recovering slowly.
3 m ago
Broadcom, a company that supplies chips to companies like Alphabet and Apple, announced quarterly revenue expectations that failed to impress some investors, showing that they were originally hoping for bigger returns from the artificial intelligence (AI) boom. The company said in a statement on Thursday that sales for the fourth fiscal quarter ending in October will reach around $17.4 billion. Analysts' average expectations were $17.05 billion, but some forecasts exceeded $18 billion. The market had high expectations for Broadcom before the financial report was released. Since hitting rock bottom in April, Broadcom's stock price has more than doubled, and the company's market value has increased by about $73 billion, ranking third in the Nasdaq 100 index in terms of gains. Investors have been looking for signs of strong technology spending. Last week, Broadcom's competitor and AI leader, Nvidia, gave a disappointing revenue forecast, sparking concerns about a bubble in the AI industry.
3 m ago
Broadcom's optimistic outlook fails to impress investors, as the stock price has already doubled before.
4 m ago
Listed securities firms' brokerage income in the first half of the year increased by more than 50%, highlighting the industry's "Matthew Effect".
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