Broadcom on Thursday evening reported a strong quarter and a solid guide. But the stock really got going after CEO Hock Tan talked about $10 billion in custom AI-related orders from a new customer. Revenue in the fiscal 2025 third quarter, which ended Aug. 3, increased 22% year over year to $15.95 billion, ahead of…
My top 10 things to watch Thursday, Sept. 4 1. Wall Street was headed for a mixed open this morning after the August ADP report job growth at U.S. companies was much slower expected. Private payrolls increased by just 54,000 for last month versus estimates of 75,000 additions. Will tomorrow’s government employment report show the…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) -A wan, unconvincing bounce attempt from Tuesday’s stumble, but with enough pep in Mag 7 names to support the broad indexes. -The pops in Alphabet and Apple after a favorable antitrust ruling –…
Bank of America grew more optimistic on Alphabet and Apple after the Google search operator avoided a major breakup in an antitrust case. Analysts at the bank raised their price target on the Google parent to $252 per share from $217, signaling 19% upside. As for Apple, they see the stock rising to $260 from…
My top 10 things to watch Wednesday, Sept. 3 1. Google will not have to divest its Chrome browser as a remedy to the search monopoly ruling, nor will it be banned from making payments for default placement on other firms’ devices. Big win for Google. Why did it happen? Because of the rise of…
The Google logo is seen outside a building housing Google offices in Beijing on February 4, 2025. China on February 4 said it would probe US tech giant Google over violations of anti-monopoly laws after Washington slapped 10 percent levies on Chinese goods. Greg Baker | Afp | Getty Images Alphabet shares rose 6% in…
LONDON — The summer holidays are here and many of us will heading off on trips to hot and sunny destinations, and bringing our electronic devices along. But don’t forget that phones, tablets and other electronics are vulnerable to extreme heat. Southern European nations like Spain, Italy and Greece have been baking under the sun,…
Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Nvidia reports fiscal second-quarter earnings on Wednesday after the bell. Here’s how Nvidia is expected to do versus LSEG consensus estimates: Earnings per share: $1.01, adjusted Revenue: $46.02 billion That would represent 53%…
My top 10 things to watch Wednesday, Aug. 27 1. It’s Nvidia day. In a preview for Club members, we outlined four burning questions for tonight’s call, including what’s happening with orders for the newest Blackwell chip, the GB300, and details on the total cost of ownership for its market-leading tech. China and margins also in…
Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters It’s been two years since the explosion of generative artificial intelligence started to transform Nvidia’s business. Since then, the chipmaker’s revenue has more than tripled and profits have quadrupled. Nvidia‘s fiscal second-quarter earnings…