Broadcom has a tough act to follow after Nvidia earnings

Broadcom Inc. has a high bar to clear Thursday as the chip and software company reports on the progress of its artificial-intelligence initiatives after peer Nvidia Corp. blew away Wall Street expectations last week.

“That said, Hock expects networking to grow faster, driven by Jericho2 , as well as Tomahawk5, Ramon3, and co-packaged optics ,” Rolland said. Wall Street perhaps shouldn’t be anticipating a big beat-and-raise quarter, however, according to Mizuho desk analyst Jordan Klein. After Nvidia shares NVDA, +0.91% sputtered in the wake of the company’s “massive beat” last week and Marvell Technology Inc.’s stock MRVL, +2.29% dropped following in-line results a day later, there’s “much greater concern and worry around what to expect and how good it needs to be” for a stock to trade higher,” he wrote.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

AI in focus: Here's what to look for when Salesforce and Broadcom report earningsWhen these two tech firms release earnings, Wall Street will be looking to see if their respective bets on artificial intelligence are starting to pay off.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Inflation data, Broadcom earnings, Lululemon: 3 things to watch By Investing.comInflation data, Broadcom earnings, Lululemon: 3 things to watch
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Semiconductor Stocks Are Surging. Why They Might Just Be Getting Started.Shares of Broadcom, Nvidia, and AMD are rising Tuesday as the sector looks to regain favor with investors.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »