Broadcom - Asia Tech Wire

Broadcom

        2025.03.08
    
05:11

                            The three major U.S. stock indexes rose collectively at the close, and Broadcom rose more than 8%
                        
                            The three major U.S. stock indexes rose collectively at the close, with the Dow Jones Industrial Average up 0.52%, the Nasdaq up 0.7%, and the S&P 500 up 0.55%. Most large technology stocks rose, with Broadcom up more than 8%, Nvidia up nearly 2%, and Apple up more than 1%. Semiconductors and retail businesses saw the largest gains, with Kohl's up more than 8%, Macy's and Arm up more than 6%, Micron Technology up more than 4%, and NXP and Qualcomm up more than 3%. Cryptocurrencies and airlines saw the largest declines, with Strategy down more than 5% and Delta down more than 3%.
                        
00:25

                            Morgan Stanley: Raised its price target for U.S. Steel (XN) from $39.00 to $43.00. Raised its price target for Broadcom (AVGO.O) from $246.00 to $260.00.
                        
        2025.03.07
    
22:32

                            U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.42%, the S&P 500 down 0.28%, and the Nasdaq down 0.2%. Broadcom (AVGO.O) opened up 4.8%, and the company predicted that second-quarter earnings would exceed expectations. Popular Chinese stocks rose across the board, with Xpeng Motors (XPEV.N) opening up 3.3%, Bilibili (BILI.O) up 3.9%, and Alibaba (BABA.N) up 2.0%.
                        
20:46

                            Morgan Stanley: Raised Broadcom (AVGO.O) price target from $246.00 to $260.00.
                        
20:12

                            Truist Securities: Raised Broadcom (AVGO.O) price target to $267 from $260.
                        
19:36

                            Mizuho Bank: Lowered Broadcom (AVGO.O) target price from $260 to $250.
                        
17:11

                            Morgan Stanley raises Broadcom price target to $260 from $246
                        
                            Morgan Stanley raised its price target on Broadcom to $260 from $246.
                        
17:10

                            Morgan Stanley: Raised Broadcom (AVGO.O) price target from $246 to $260.
                        
17:05

                            Broadcom Inc (AVGO.O) rose 12.4 percent in premarket trading after it forecast second-quarter earnings that would beat estimates.
                        
17:01

                            Most U.S. semiconductor stocks rose before the market opened, with Broadcom rising more than 12%
                        
                            Before the U.S. stock market opened, most semiconductor stocks rose, with Broadcom up more than 12%, ASML up more than 2%, and Nvidia up more than 1%.
                        
12:18

                            Intel responds to 18A process rumors: Panther Lake will be released as scheduled in the second half of the year
                        
                            On March 6, John Pitzer, Intel's vice president of investor relations, clarified the recent rumors about the delay of the release of Panther Lake, the first product based on Intel's 18A process, saying: "Panther Lake is still scheduled to be released in the second half of this year. The release time has not changed. We are very confident in the current progress." Previously, there have been rumors on the Internet about the poor yield of Intel's 18A process. In the second half of last year, Korean media broke the news that Intel's 18A process yield was only 10%, and said that Broadcom may have canceled its cooperation with Intel. The news attracted great attention in the industry at the time.
                        
07:01

                            Broadcom (AVGO.O) CEO: Not considering mergers and acquisitions at this time.
                        
06:29

                            Broadcom (AVGO.O) surged 15% after the market closed after it predicted that its AI semiconductor revenue would reach $4.4 billion in the second quarter of fiscal 2025.
                        
06:23

                            Broadcom (AVGO.O) CEO: Infrastructure software revenue is expected to reach $6.5 billion in the second quarter.
                        
06:18

                            Broadcom (AVGO.O) CEO: Recovery of non-AI semiconductors remains slow.

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