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Category Broadcom

Samsung surges 5% to 13-month high on Nvidia AI nod

Samsung surges 5% to 13-month high on Nvidia AI nod

Samsung’s shares rose over 5% to their highest level since August 2024.
Broadcom's Hock Tan set to earn $616.6 million stock awards if AI sales boom

Broadcom's Hock Tan set to earn $616.6 million stock awards if AI sales boom

Broadcom’s Chief Executive Officer, Hock Tan, has been promised one of the largest prospective payouts in the semiconductor industry in corporate A...
TSMC posts 34% August revenue surge on booming AI chip demand

TSMC posts 34% August revenue surge on booming AI chip demand

TSMC recorded NT$335.8 billion in sales for the month of August, equal to roughly $11.1 billion, and a 34% surge compared to the same month last ye...
Slowing U.S. job growth turns AI into Wall Street’s new safety play

Slowing U.S. job growth turns AI into Wall Street’s new safety play

The U.S. job market shrank massively in June, July, and August. Wall Street is reacting to a new reality: weak employment means stronger bets on AI.
Citi cuts Nvidia price target to $210 on rising AI chip competition

Citi cuts Nvidia price target to $210 on rising AI chip competition

Citi has cut Nvidia’s price target from $220 to $210, as analyst Atif Malik warned that new AI chip rivals are crowding the space. The update came ...