Broadcom Stock News

Broadcom Inc. (NASDAQ:AVGO) shares gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $583.42, but opened at $624.10. Broadcom shares last traded at $638.86, with a volume of 69,799 shares trading hands. The semiconductor manufacturer reported $7.81 EPS for the quarter, beating the []

Broadcom stock popped as January quarter revenue guidance topped views. The company also announced a new $10 billion stock buyback.

Nvidia''s (NVDA) stock opened higher on Friday alongside the entire semiconductor sector after competitor Broadcom (AVGO) reported solid quarterly earn

Jim''s thoughts on the earnings last night and big moves Friday morning.

Broadcom shares surge, lifted by a wave of positive news in large part driven by the chip and software maker''s growth outlook on the hyper-cloud front.

On Thursday, US semiconductor giant Broadcom unveiled its results for the fourth quarter of 2021, results guidance for the first quarter of 2022 and a dividend plan. Not only are the results strong, but Broadcom also announced a big buyback of up to $10 billion, indicating the company''s confidence in continued demand in the semiconductor market in the future.

STATE OF THE MARKETS Stocks rallied to key resistance. US stocks continue to rally for the third day, after affirmative reports of Pfizers vaccine effectiveness on Omicron. Improved job openings helped fuel the rally that sent Dow (+0.10%), Nasdaq (+0.64%), and S&P (+0.31%) including Russell (+0.80%) to test their key resistance. Hope for a Santa Rally sent the 10Y yields back up to 150 basis points while Dollar (DXY) was under pressure at the 96 handle. In the commodities market, crude continued its upward trajectory to test the $73/bl handle as fears of global lockdown eased. Gold continues to hold bidders at the $1,780/oz mark as investors see inflation report to rise further this Friday. Elsewhere, iron ore jumped to $106.80/tn after reports of China Steel Mills ready to restock for 2022. In the FX space, Aussie continued to advance in demand across the horizons while Sterling was sent further down the back burner. Euro flipped to demand in the short and medium term accounts as the Dollar eased.

Broadcom Inc. (AVGO) shares were rising 6.44% to trade at $621.00 in after-hours at last check. AVGO stock slipped -0.87% to close Thursdays session at $583.42. Volume for AVGO stock remained 2.81 million shares, which was higher than the average daily volume of 1.73 million shares within the past 50 days. AVGO shares have risen Is There Any Reason As To Why The Broadcom (AVGO) Stock Expanded In Extended Session? Read More »

Broadcom Inc (NASDAQ:AVGO) Q4 2021 Earnings Call dated Dec. 09, 2021. Presentation: Operator Hello and welcome to Broadcom Incs Fourth Quarter and Fiscal Year 2021 Financial Results Conference Call. At [] The post Broadcom Inc (AVGO) Q4 2021 Earnings Call Transcript first appeared on AlphaStreet .

The board of Broadcom authorized a new $10 billion share buyback program.

The post theres nothing here not to like appeared on BitcoinEthereumNews.com . Broadcom Inc (NASDAQ: AVGO) reported strong results for its fiscal fourth quarter on Thursday. Shares jumped nearly 8.0% after the companys board authorised a new share repurchase programme worth $10

Cerity Partners LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,813 shares of the semiconductor manufacturers stock after acquiring an additional 3,615 shares during the period. Cerity Partners LLCs holdings in Broadcom were worth []