Broadcom shares closed in record territory Friday and were positioned to raise the bar further amid building enthusiasm for the company's opportunities in AI.
Broadcom Inc. shares closed in record territory Friday and were in a position to raise the bar further amid building enthusiasm for the company’s opportunities in artificial intelligence.
JPMorgan analyst Harlan Sur wrote Tuesday that the company’s custom-chip business appeared to be seeing “accelerating orders from Google for its advanced AI processor chip called TPU” in a sign of further momentum for the semiconductor company. But he thought the company’s expectations may prove too conservative as the “recent order acceleration from Google for its TPU AI processors implies that Google’s TPU processor program alone could drive $3B in revenues and implying upside to management’s prior cloud ASIC revenue target this year.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How To Watch The Friday The 13th Movies In OrderThe iconic Friday the 13th franchise offers thrills, jump scares, and plot twists. But what is the right order in which to watch the movies?
Read more »
Chuck Schumer tells Senate Democrats to prepare for possible debt ceiling vote FridaySenate Majority Leader Chuck Schumer (D-NY) told Senate Democrats to prepare for a possible vote on the new debt ceiling bill on Friday at the earliest.
Read more »
Broken ferry leaves dozens stranded, sleeping in cars at Friday Harbor TerminalA broken-down ferry left dozens of people stranded at the Friday Harbor Ferry Terminal overnight.
Read more »
43 Shot Friday into Monday Morning in Mayor Johnson's ChicagoForty-three people were shot in Chicago, nine of them fatally, Friday into Monday morning during Brandon Johnson’s (D) first Memorial Day weekend as mayor.
Read more »
Penn to play top-seed Auburn in NCAA baseball regional on FridayThis marks Penn’s sixth appearance in the NCAA tournament and first since 1995.
Read more »
New Google Messages feature could turn Android users into dry textersICYMI: Google Messages' Magic Compose feature will type out replies for you.
Read more »