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Broadcom Inc - AVGO STOCK NEWS

Welcome to our dedicated news page for Broadcom (Ticker: AVGO), a resource for investors and traders seeking the latest updates and insights on Broadcom.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Broadcom's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Broadcom's position in the market.

News
Broadcom Wins Two 2024 Google Cloud Technology Partner of the Year Awards for Networking and Virtualization
Rhea-AI Summary
Broadcom Inc. (AVGO) wins 2024 Google Cloud Technology Partner of the Year awards for Infrastructure in Networking and Virtualization categories. The company, including VMware, Inc., is recognized for achievements in network observability and cloud operating model collaboration with Google Cloud. Broadcom's partnership offers network performance monitoring capabilities via Google Cloud Marketplace, providing end-to-end delivery path clarity and proactive optimization of network performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
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News
Broadcom and Google Cloud Announce Expanded Partnership to Help Accelerate Innovation for Enterprises
Rhea-AI Summary
Broadcom (AVGO) and Google Cloud expand partnership to optimize VMware workloads, collaborate on go-to-market initiatives, and enhance AI capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
partnership
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News
Broadcom Extends Leadership in Custom Accelerators and Merchant Networking Solutions for AI Infrastructure
Rhea-AI Summary
Broadcom Inc. advances its AI solutions portfolio with new offerings to meet the growing demand for high-performance, scalable, and power-efficient technologies in AI systems. The company introduces a range of innovative technologies, including custom AI accelerators, merchant silicon connectivity solutions, optical interconnects, and PCIe connectivity solutions. Broadcom's latest innovations aim to enable next-generation AI infrastructure by providing industry-first solutions like the 51.2T Bailly CPO Ethernet switch, optical interconnect solutions supporting 200G/lane, and Trident 5-X12 chip with neural network integration. The company's vision for AI acceleration and democratization is outlined through a combination of AI connectivity, innovative silicon, and open standards. Broadcom's advancements like the Sian™ BCM85822 800G PAM-4 DSP PHY and Jericho3-AI fabric for AI networks demonstrate its commitment to addressing the evolving needs of AI workloads in data centers and cloud networks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
AI
News
Broadcom Delivers Industry’s First 51.2-Tbps Co-Packaged Optics Ethernet Switch Platform for Scalable AI Systems
Rhea-AI Summary
Broadcom Inc. (AVGO) introduces Bailly 51.2T CPO Ethernet switch, a groundbreaking product delivering a 70% improvement in optical interconnect power consumption and an 8x enhancement in silicon area efficiency. The switch integrates silicon photonics based optical engines with Broadcom's StrataXGS Tomahawk5 chip, offering disruptive power-efficient and cost-efficient optical interconnect solutions for AI clusters. Bailly's high integration level enables a significant reduction in power consumption compared to traditional transceivers, catering to the increasing bandwidth demands of AI infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
AI
-
News
Broadcom Extends Technology and Volume Leadership on AI Optical Components
Rhea-AI Summary
Broadcom Inc. (AVGO) announces major advancements in optical interconnect solutions for AI and ML applications, including the production release of 200G/lane EML, 200G/lane VCSEL, and CW laser technologies. These innovations will enable terabit connectivity and drive large-scale AI infrastructure, positioning Broadcom as a leader in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
AI
-
News
Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend
Rhea-AI Summary
Broadcom Inc. reports a strong first quarter of fiscal year 2024 with revenue reaching $11.9 billion, up 34% year-over-year. The company's cash flow from operations was $4.8 billion, resulting in $4.7 billion of free cash flow. GAAP net income was $1.3 billion, while non-GAAP net income reached $5.3 billion. Adjusted EBITDA stood at $7.2 billion, with a quarterly dividend of $5.25 per share. The company repurchased and eliminated 7.7 million shares for $8.3 billion. Fiscal year 2024 revenue guidance is approximately $50.0 billion, a 40% increase from the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.99%
Tags
dividends earnings
News
Broadcom Extends AI Workload Scale with Industry-First PCI Express Gen5/Gen6 Retimers
Rhea-AI Summary
Broadcom Inc. announces the availability of the world’s first 5nm PCIe Gen 5.0/CXL2.0 and PCIe Gen 6.0/CXL3.1 retimers, forming the industry’s first end-to-end PCIe portfolio. The new solutions offer extended reach, lower power dissipation, simplified interop, and end-to-end management, catering to the increasing demands of AI servers. Broadcom's market-leading PCIe switches and retimers enable efficient data center solutions with the lowest power and maximum reach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
AI
-
News
Broadcom Debuts Groundbreaking WatchTower Platform for Mainframe Observability
Rhea-AI Summary
Broadcom Inc. (AVGO) introduces WatchTower Platform™, an observability solution to enhance business performance by streamlining incident identification and resolution in the mainframe environment. It integrates data flows, signals, and metrics to improve operational efficiency and alert prioritization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
Tags
none
-
News
SoftBank Corp., NEC and Broadcom Jointly Validate RAN Modernization with Virtualization by Unifying O-RAN Architecture and Telco Cloud
Rhea-AI Summary
SoftBank, NEC, and VMware, under Broadcom Inc., successfully verified the virtualization of the radio access network (RAN) at the Mobile World Congress. They confirmed the feasibility of RAN modernization through O-RAN architecture and Telco Cloud convergence. The joint verification showcased a virtualized RAN system, including vRAN applications using container technology, O-RAN architecture deployment, and cloud-native technology for Telco Cloud optimization. The companies highlighted the benefits of modernizing from traditional RAN to vRAN, emphasizing open, unified operations, scalability, and efficiency. Roles and responsibilities of each company were outlined, along with verification details and supporting quotes from key executives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
News
Broadcom Unveils Product Innovations across its Software-Defined Edge Portfolio for Telcos and Enterprises at Mobile World Congress 2024
Rhea-AI Summary
VMware, under Broadcom Inc., announces new developments in its Software-Defined Edge portfolio at Mobile World Congress 2024. The focus is on enabling CSPs and enterprises to modernize networks and create new services with automation and observability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none
Stock AVGO logo
Broadcom Inc

Nasdaq:AVGO

AVGO Rankings

#11 Ranked by Market Cap
#199 Ranked by Stock Gains
#1560 Ranked by Dividends

AVGO Stock Data

615.91B
405.03M
2.04%
80.44%
1.18%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
San Jose

About AVGO

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcoms product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets.