In Thursday's premarket trading, the Nasdaq Composite is up about .53% as of 8:30 a.m. ET. The big story last night was earnings reports from many leading stocks in technology. Companies like Tesla (Nasdaq: TSLA),
Dow Jones futures edged lower early Thursday, while S&P 500 futures and Nasdaq futures rose modestly. Tesla, Meta Platforms, Microsoft headlined a huge slate of Wednesday night earnings, with ServiceNow and IBM also key.
Broadcom was gaining after Meta Platforms said it sees room for greater use of its custom artificial-intelligence chips.
China's DeepSeek took the world by storm this week by introducing an AI model that runs efficiently on older NVIDIA GPUs, using only a tiny fraction of the budget OpenAI, Meta, Tesla, Microsoft, and others have spent building their AI infrastructure. It has raised serious questions about future spending for AI build-outs.
We recently published a list of 12 Safe Stocks to Buy for the Long Term in 2025. In this article, we are going to take a look at where Broadcom Inc.
Monday's tech stock plunge, driven by DeepSeek's AI app news, was shocking but less dramatic in a broader market context, with other sectors performing well. Despite significant declines in AI stocks like NVIDIA and Broadcom, these drops are minor in the grand scheme, reflecting a market correction.
Broadcom shares were trading about 4% higher in premarket trade. Meta CFO Susan Li told investors on a conference call that the company will use more of the chips it's designed with Broadcom. The chips are known as Meta's Training and Inference Accelerator,
Chinese research lab DeepSeek just upended the artificial intelligence (AI) industry with its new, hyper-efficient models. DeepSeek's innovation could shrink demand for AI data center chips, which might hurt suppliers like Nvidia.
Broadcom rose 5% on Thursday as Meta Platforms announced plans to increase use of chips designed with Broadcom.
Drive Wealth Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
It might be time to consider some new plays. Momentum investors buy stocks that have outperformed in the recent past, in a bet that their upward momentum will continue in the near future. But Monday’s big DeepSeek sell-off upended that thesis—body-checking the strategy’s performance and throwing up a new crop of stocks that could be momentum winners later this year.
We recently published a list of 10 AI Stocks Analysts Are Focusing On These Days. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other AI stocks analysts are focusing on these days.