Broadcom's profit was higher than expected. Artificial intelligence promoted sales growth. Broadcom, a chip supplier of Apple and other large technology companies, announced that its fourth-quarter profit was better than expected, and the demand for artificial intelligence boosted growth. The company said in a statement on Thursday that earnings per share excluding some items were $1.42. Revenue rose to nearly $14.1 billion. According to data compiled by Bloomberg, the average forecast of analysts was $1.39 per share and $14.1 billion in revenue. Broadcom expects sales to reach $14.6 billion in the first fiscal quarter ending January, in line with analysts' expectations. Broadcom's financial report shows that the demand for artificial intelligence computing is hedging the slowdown in other fields. Broadcom, like NVIDIA, has positioned itself as the main beneficiary of artificial intelligence expenditure. After the announcement of the financial report, Broadcom's share price once rose more than 6% after hours. As of Thursday's close, the stock has increased by 62% since 2024.Goldman Sachs: We estimate that if the price of Brent crude oil falls to the range of more than $50/barrel by the end of 2025, the growth rate of shale oil supply in the United States will fall below 100,000 barrels per day in 2025, which in turn will push the price of Brent crude oil up by $8 per barrel in 2025.From January to October, the number of net immigrants in New Zealand decreased to 38,776.
Turkish Presidential Palace: Erdogan told US Secretary of State Blinken that Turkey will take preventive measures against terrorist organizations including the People's Protection Force (YPG) and the Islamic State in Syria.Morgan Stanley downgraded Wharf to low allocation with a target price of HK$ 20.Broadcom's share price rose to 15% in the US after hours.
Qualcomm: CTO James Thompson will retire on February 3rd, 2025.Market News: New Zealand has put forward the reason to the United States that it hopes not to introduce new tariffs during Trump's administration.KeyBanc keeps track of Salesforce Co., Ltd., with an over-rated rating and a target price of $440.
Strategy guide
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Strategy guide
Strategy guide