BROADCOM ENTERPRISE SPENDING
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms.
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback.
Broadcom sees $10 billion in AI chip sales in 2024, but shares dip
Broadcom expects significant revenue from AI chips. Custom AI chip business is expected to grow with major clients like Google and Meta Platforms. Broadcom's AI revenue offset the slowdown in enterprise and telcos. Infrastructure software revenue also showed strong growth.
Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal
The end-user computing (EUC) unit will operate as a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday.
Broadcom sees revenue below estimates on weak enterprise spending
In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution. Analysts on average were expecting $52.50 billion, according to LSEG data.
Broadcom forecasts quarterly revenue below expectations on broader demand weakness
Soft enterprise demand, coupled with slower-than-expected recovery in consumer electronics markets such as smartphones, has also taken a toll on Broadcom's semiconductor business.
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AI boost lifts Broadcom forecast amid lingering enterprise weakness
Broadcom, which supplies chips used in data centres for networking and specialised chips that speed up AI work, expects networking revenue to grow 20% in the current quarter.
VMware bets on multi-cloud drive amid positive Broadcom deal view
VMware took the wraps off a new multi-cloud management solution dubbed Aria, one that unifies applications, infrastructure, and services across private, hybrid, and public clouds in a single platform with a common data model.
Broadcom looks to defy chip slowdown on data center, wireless strength
Broadcom may experience some weakness in demand in the upcoming quarters as enterprise, cloud and service providers are likely to moderate their orders and capex spending into 2023.
Unacademy CEO warns of long funding winter; Infy CEO’s pay rose 43% in FY22
Gaurav Munjal, cofounder of SoftBank-backed Unacademy, has told its employees the funding winter will last at least 12-18 months, saying they must learn how to work under constraints and help the company turn profitable.
Ten things to know about the $61 billion Broadcom-VMware deal
After Microsoft Corp.'s $68.7 billion takeover of video game producer Activision Blizzard Inc., Broadcom's acquisition of VMware is the second-largest deal in 2022 globally.
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