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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
German Court Fines Netflix €7.05 Million for Continued Infringement of Broadcom HEVC Patent
Rhea-AI Summary
Broadcom Inc. (AVGO) announced that the District Court in Munich, Germany fined Netflix €7.05 million for infringing a Broadcom patent related to key features used in HEVC/H.265 video coding. The court's judgment stated that Netflix must cease and desist all further infringement in Germany. Netflix may appeal the fine, and Broadcom will seek additional penalties for continuing violation of the order.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
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none
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News
Broadcom Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
Broadcom Inc. (AVGO) granted restricted stock unit awards covering 4,394,353 shares to 13,831 new employees and performance stock unit awards covering 91,930 shares to 25 new employees under its 2023 Inducement Plan. The awards were granted as an inducement material to the employee's commencement of employment in connection with Broadcom's acquisition of VMware, Inc. The restricted stock unit awards will vest over four years, and the performance stock unit awards are earned based on Broadcom's total stockholder return relative to the S&P 500 Index over four annual performance periods.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Caltech and Broadcom Announce Quantum Research and Development Partnership
Rhea-AI Summary
Caltech and Broadcom (BRCM) announce a multi-year partnership to advance quantum science research and discoveries. Broadcom's significant investment will establish the Broadcom Quantum Laboratory at Caltech, supporting joint programming and research to accelerate discovery. The partnership will also include an annual symposium for scientists and engineers from both organizations to explore future development opportunities in relevant fields.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
Tags
partnership
News
Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Quarterly Dividend
Rhea-AI Summary
Broadcom Inc. (AVGO) reported a fourth-quarter revenue of $9,295 million, up 4% from the prior year. The company's cash from operations was $4,828 million, resulting in $4,723 million of free cash flow. Broadcom's quarterly common stock dividend increased by 14% to $5.25. Adjusted EBITDA was $6,048 million, and non-GAAP diluted EPS was $11.06. Fiscal 2024 annual revenue guidance is approximately $50.0 billion, including contribution from VMware, an increase of 40% from the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
Tags
dividends earnings
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News
Broadcom Introduces Industry’s First Switch With On-Chip Neural Network
Rhea-AI Summary
Broadcom Inc. (NASDAQ:AVGO) announced the Trident 5-X12 chip with a novel on-chip neural-network inference engine called NetGNT, doubling bandwidth, reducing power by 25%, and adding enhanced telemetry capabilities for next-generation data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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none
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News
Broadcom Completes Acquisition of VMware
Rhea-AI Summary
Broadcom Inc. (AVGO) has completed its acquisition of VMware, Inc., with VMware's common stock ceasing to be traded on the NYSE. Broadcom aims to invest in VMware Cloud Foundation and offer a rich catalog of services to modernize and optimize cloud and edge environments. Hock Tan, President and CEO of Broadcom, is excited to welcome VMware to Broadcom and is confident about building the world's leading infrastructure technology company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
acquisition
News
Broadcom and VMware Intend to Close Transaction on November 22, 2023
Rhea-AI Summary
Broadcom Inc. (AVGO) and VMware, Inc. (VMW) have received final regulatory approval for Broadcom's acquisition of VMware, intending to close the transaction on November 22, 2023, after obtaining legal merger clearance in multiple countries and foreign investment control clearance in all necessary jurisdictions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
none
-
News
Broadcom and VMware Intend to Close Transaction on November 22, 2023
Rhea-AI Summary
Broadcom Inc. (AVGO) and VMware, Inc. (VMW) have received final regulatory approval for Broadcom's acquisition of VMware, intending to close the transaction on November 22, 2023. Legal merger clearance has been obtained in multiple countries, with no legal impediment under U.S. merger regulations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
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none
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News
Broadcom Inc. to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Thursday, December 7, 2023
Rhea-AI Summary
Broadcom Inc. (AVGO) will report its Q4 and fiscal year 2023 financial results and business outlook on December 7, 2023, followed by a conference call at 2:00 PM PT. Preregistration is required for telephone access, and the call can be accessed live online on the company's website. An audio replay will be available for one year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
Tags
earnings
News
German Court’s Preliminary Opinion Finds Broadcom Patent Valid; Netflix Found to Infringe
Rhea-AI Summary
Broadcom Inc. announces that the German Federal Patent Court has issued a preliminary opinion finding a Broadcom patent related to HEVC/H.265 video coding as valid. The Munich District Court has ruled that Netflix infringes this patent and has issued an injunction requiring Netflix to cease further infringement in Germany. Broadcom has filed a motion seeking penalties for Netflix's lack of compliance with the injunction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
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none
Stock AVGO logo
Broadcom Inc

Nasdaq:AVGO

AVGO Rankings

#11 Ranked by Market Cap
#199 Ranked by Stock Gains
#1556 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.