Market Movers rounded up the latest reactions on Broadcom from investors and analysts. The pros discussed the semiconductor company a day after it announced quarterly results that beat estimates but also reported fiscal fourth-quarter revenue guidance that was roughly in line with expectations. Nevertheless, UBS is maintaining its buy rating and $925 price target on Broadcom’s stock, saying the chipmaker is a “prime beneficiary” of the artificial intelligence fight. The chipmaker ended the trading day down about 5.5%. The stock is currently held in Jim Cramer’s Charitable Trust portfolio.
Information About Los Angeles Financial Times
Saturday,
May
18,
2024
7:07AM
-
The Big Number: $1,280
The Big Number: $1,280
-
Tesla sued over air pollution from factory in Fremont, California
Tesla sued over air pollution from factory in Fremont, California
-
Mercedes-Benz workers in Alabama vote against union
Mercedes-Benz workers in Alabama vote against union
-
See wildlife contraband products seized at LAX – NBC Los Angeles
See wildlife contraband products seized at LAX – NBC Los Angeles
Your number one source of all things financial.
Popular
- The Big Number: $1,280 & Comments Off on The Big Number: $1,280
- New law expands California’s homestead equity protection to $600,000 – Daily News & Comments Off on New law expands California’s homestead equity protection to $600,000 – Daily News
- Heroes on the Frontlines in Riverside Get COVID-19 Vaccine – NBC Los Angeles & Comments Off on Heroes on the Frontlines in Riverside Get COVID-19 Vaccine – NBC Los Angeles
- Why Markets Boomed in a Year of Human Misery & Comments Off on Why Markets Boomed in a Year of Human Misery
- LACo COVID Deaths Set New Records, Hospital Crunch Worsens – NBC Los Angeles & Comments Off on LACo COVID Deaths Set New Records, Hospital Crunch Worsens – NBC Los Angeles
- ‘Brink of Catastrophe.’ Once a Model, California Now Struggles to Tame COVID-19 – NBC Los Angeles & Comments Off on ‘Brink of Catastrophe.’ Once a Model, California Now Struggles to Tame COVID-19 – NBC Los Angeles
Los Angeles Financial times
Copyright © 2024 Los Angeles Financial times