Broadcom hits $1T market cap after CEO's 'huge' AI prediction

📆 13/12/2024 1:42 p. m.
📰 nypost

⏱ Reading Time:
24 sec. here
7 min. at publisher
📊 Quality Score:
News: 30%
Publisher: 67%

Business Noticias

Tech,Artificial Intelligence,Nvidia

Big Tech’s push to diversify beyond Nvidia’s pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies.

Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way.

Investors, meanwhile, scooped up the stock that trades at a lower multiple than rivals. Broadcom has a 12-month forward price-to-earnings ratio of 29.8, compared with 31.03 for Nvidia, the first chip firm to hit $1 trillion in market value, according to data compiled by LSEG. The gains eclipse those in major cloud companies, with Microsoft up about 11% this year and Alphabet — seen by analysts as Broadcom’s biggest custom chip customer — rising 40%.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Family of UnitedHealthcare CEO suspected killer has big business empireLuigi Mangione, who was arrested and charged with the murder of UnitedHealthcare CEO Brian Thompson, comes from an influential business family in the Baltimore, Maryland, area.
Fuente: FoxBusiness - 🏆 458. / 53 Leer más »

New CEO at Keurig Dr Pepper bringing new flavors, a big acquisition as he plays offenseCEO Tim Cofer, who took the helm in April, is guiding Keurig Dr Pepper’s roughly 125 owned, licensed and partner brands. He’s looking to expand the company’s...
Fuente: dallasnews - 🏆 18. / 71 Leer más »