News Formal

This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

Investment Strategy Nyheter

Stock Markets,Broadcom Inc,Berkshire Hathaway Inc

Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate.

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. Palo Alto, California-based Broadcom is a semiconductor supplier to Apple and other major tech companies.

But it may take longer for that to happen in this tech bull market with little AI exposure beyond its large Apple holding. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications. Broadcom said $3.1 billion in sales during the current quarter could be attributed to revenue from AI products.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market, JPMorgan estimatesBerkshire Hathaway's purchase of Treasury bills has been so aggressive that the conglomerate now owns 3% of the entire market, according to JPMorgan.
Källa: CNBC - 🏆 12. / 72 Läs mer »