Broadcom Inc Stock Price, News & Analysis

Broadcom Inc. (NASDAQ:AVGO) announced the launch of its latest AIOps platform, designed to enhance digital agility for organizations through actionable insights. This open platform utilizes artificial intelligence and machine learning to provide comprehensive observability, allowing businesses to align IT outputs with critical KPIs. New capabilities include full-stack observability, intelligent automation, and enhanced analytics, addressing complex IT environments. A report highlighting the benefits of AIOps will be discussed in a virtual forum on December 3, 2020.

Broadcom Inc. (NASDAQ: AVGO) has announced the sampling of its 5nm ASIC device designed for data center and cloud infrastructure.

Utilizing TSMC’s N5 process, this 625 mm² device features state-of-the-art technology like PCIe Gen5, 112-Gbps SerDes, and HBM2e memory. The 5nm platform demonstrates a substantial increase in computational capacity (2x) and memory bandwidth (2x to 4x) compared to previous generations, while also reducing power consumption by up to 30%. The launch targets advancements in AI, HPC, and 5G wireless infrastructure.

Broadcom Inc. (NASDAQ: AVGO) announced the launch of its automotive multigigabit Ethernet PHY and switch families, the BCM8989X and BCM8957X, featuring MACsec support for enhanced data security. The BCM8989X is the first automotive PHY compliant with IEEE 802.3ch, supporting speeds of 2.5G, 5G, and 10G, while the BCM8957X is the first automotive switch with integrated MACsec PHYs. These products aim to meet rising demands for high bandwidth connectivity and real-time communication essential for autonomous driving and 5G applications.

Broadcom Inc. (NASDAQ: AVGO) announced that it will report its fourth quarter and fiscal year 2020 financial results on December 10, 2020, after market close. The management will hold a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and the business outlook. Investors can access the call online or via telephone. A replay will be available for one week post-call. Broadcom is a leader in semiconductor and infrastructure software solutions, serving critical markets including data center, networking, and enterprise software.

Broadcom Inc. (Nasdaq: AVGO), a leading technology firm, announced that CEO Hock Tan will participate in a fireside chat at the Deutsche Bank Technology Conference on September 15, 2020, at 7:20 a.m. PT. This event provides a platform for discussing Broadcom's semiconductor and software solutions across critical markets such as data center and enterprise software. A live audio webcast and replay will be accessible at investors.broadcom.com.

Broadcom (NASDAQ: AVGO) unveiled its cutting-edge router chip, Jericho2c+, boasting 14.4 terabits per second routing speed and unmatched power efficiency. This 7nm chip is designed to optimize bandwidth while minimizing power use, offering integrated security features for enhanced data protection. Jericho2c+ supports up to 18,432 x 400G ports and simplifies network systems, reducing complexity and operating costs. With significant interest from major OEMs and service providers, this innovation aims to address hyperscale data center demands, reinforcing Broadcom's leadership in networking solutions.

Broadcom reported a 6% increase in third-quarter revenue for fiscal year 2020, totaling $5.82 billion, driven by strong demand from cloud and telecom customers. Despite a decline in net income to $688 million from $715 million year-over-year, non-GAAP earnings increased to $2.44 billion. The company achieved a record $3 billion free cash flow, marking a 33% year-over-year growth, and reduced debt by $1.9 billion. Looking ahead, Broadcom expects fourth-quarter revenue of $6.4 billion plus or minus $150 million.

Broadcom (NASDAQ: AVGO) has launched the Emulex SAN Manager, aimed at reducing operational costs and complexities for enterprise storage management. This tool allows administrators to effectively troubleshoot network issues using a user-friendly interface. It enhances operational efficiency by integrating HBA management with datacenter analytics while providing real-time visibility. Emulex SAN Manager features adaptive congestion management and simplifies SAN operations, promoting improved performance and reliability in storage networks. The product is available starting September 2, 2020.

Broadcom Inc. (NASDAQ: AVGO) has launched the first Gen 7 64Gb/s Fibre Channel switching platforms, including Brocade X7 Directors and G720 Switches. These innovations feature 64Gb/s speed and 50% reduced latency, enhancing data center performance for NVMe flash arrays. Brocade Gen 7 also introduces autonomous SAN capabilities like self-learning, self-optimizing, and self-healing technologies to simplify management and boost reliability. This positions Broadcom as a leader in Fibre Channel technology amidst the growing demand for efficient data handling in modern IT infrastructures.