PALO ALTO, Calif., Nov. 12, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, December 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https:

BARCELONA, Spain, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Adoption of artificial intelligence, national digital sovereignty, and maintaining cyber resilience in times of uncertainty are paramount to today's digital-first organization. Broadcom Inc. (NASDAQ:AVGO) is helping customers address these critical business outcomes through a private cloud platform, VMware Cloud Foundation, that is simple to deploy, easy to consume, and lowers cost and risk. At VMware Explore 2024 Barcelona this week, the company is furthering this mission by announcing an expanded set of VMware Cloud Foundation (VCF) Advanced Services innovations, ecosystem partnerships, and modernization programs that can accelerate gen

BARCELONA, Spain, Nov. 05, 2024 (GLOBE NEWSWIRE) -- To accelerate enterprises' readiness to further connect and support AI and non-AI workloads, Broadcom Inc. (NASDAQ:AVGO) today announced major advancements across its VeloCloud product portfolio as well as a new partner program. This includes: The launch of the VeloRAIN (Robust AI Networking) architecture that uses AI/ML to improve the performance and security of distributed AI workloads.Unveiling the new VeloCloud Edge 4100 and 5100 appliances—high end AI-Ready edge appliances that scale to 100Gbps for large enterprises and complex use cases.The introduction of Titan, the Broadcom Advantage Partner Program for VeloCloud Managed Service

PALO ALTO, Calif. and SOLNA, Sweden, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) and Telia Company (STO: TELIA) today announced the expansion of their longtime partnership with a new multi-year agreement, which will see Telia further modernize and transform its telco and cloud infrastructure with the VMware product portfolio. Telia, a Nordic and Baltic telecommunications leader and Nordic media house, will continue its network and IT cloud journey with both VMware Telco Cloud Platform and VMware Cloud Foundation as the basis of its modern cloud platform. Telia is expanding its deployment of VMware Telco Cloud Platform and its cloud-native architecture to further progre

Issued on behalf of Avant Technologies Inc. USA News Group VANCOUVER, BC, Oct. 23, 2024 /PRNewswire/ -- In the last few years, the market has witnessed a data-driven revolution, rapidly sparked by data-intensive applications like artificial intelligence. However, with the skyrocketing demand for data center capacity, so too is the strain on the electrical grid and a major hurdle slowing sustainability efforts. According to the World Economic Forum, data volumes are soaring, and the ICT sector needs to move to sustainably handle the surge. Behind the scenes are several developers working diligently to smooth out the transition into an AI-powered world, including new developments from Avant Te

PALO ALTO, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO), which recently acquired VMware, is hosting VMware Explore 2024 Barcelona November 4-7 at the Fira Gran Via, featuring a variety of breakout sessions, certification training, and labs spanning relevant technology and industry topics. On Tuesday, November 5, 2024, at 9:00 a.m. CET, Broadcom President and CEO Hock Tan will address VMware Explore attendees during the general session keynote titled "Shaping the Future of Cloud and AI Innovation." The general session will feature Broadcom leaders, VMware experts, and European customers showcasing advancements in private cloud, generative AI, app delivery, and the

T-Systems reaches highest VMware Cloud Service Provider partner statusWhite Label option makes VMware portfolio more broadly availableCustomers benefit from services worldwide BONN, Germany and PALO ALTO, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Deutsche Telekom subsidiary T-Systems and Broadcom have expanded their nearly 20-year long collaboration. T-Systems is now a VMware Cloud Service Provider (VCSP) Pinnacle tier partner, the highest and most strategic level in the Broadcom Advantage Partner Program. Pinnacle partners such as T-Systems are Broadcom's most invested and strategic partners, with extensive certifications, a track record of significant sales and service achievements,

PALO ALTO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced that momentum continues to build in support of its vision of enabling AI infrastructure through a combination of open standards, scalability, and power efficient solutions. Broadcom will highlight advancements across the areas via a series of presentations, product demonstrations, and other forums at the 2024 Open Compute Project (OCP) Global Summit. The 2024 Summit takes place in San Jose, Calif. from Oct. 15-17. Highlights regarding Broadcom's participation in this year's Global Summit can be found here. "AI is at an inflection point in our industry that will change our lives and the

PALO ALTO, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced the general availability of the BCM68660 and BCM55050, the industry's first merchant silicon 50G PON Optical Line Terminal-Optical Network Unit (OLT-ONU) devices with an embedded neural processing unit (NPU), designed to accelerate artificial intelligence (AI) and machine learning (ML) at the edge and enable telecom operators to drive new applications on 50G fiber broadband networks. The BCM68660 standalone 50G PON OLT SoC interoperates with the BCM55050 50G PON ONU and other available ITU standards-based 50G ONUs, providing telecom operators a complete end-to-end 50G PON ecosystem of solutions

Embedded AI/ML Capabilities to Improve Performance and Reliability, Create Economies of Scale and Chart a Path to 25Gbps Future Over Existing Network Infrastructure PALO ALTO, Calif. and STAMFORD, Conn. and PHILADELPHIA, Sept. 25, 2024 /PRNewswire/ -- Broadcom Inc., Charter Communications, and Comcast today announced a joint development of Unified DOCSIS chipsets for network nodes, smart amps, and cable modems, enabling both FDX and ESD versions of the DOCSIS 4.0 specification, and setting the stage to deliver upwards of 25 Gbps speeds over existing networks. This specification brings together all the benefits of both DOCSIS ESD and DOCSIS FDX and includes support for both mid-split and high

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PALO ALTO, Calif., Nov. 12, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, December 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https:

Revenue of $13,072 million for the third quarter, up 47 percent from the prior year periodGAAP net loss of $1,875 million for the third quarter (1); Non-GAAP net income of $6,120 million for the third quarterAdjusted EBITDA of $8,223 million for the third quarter, or 63 percent of revenueGAAP diluted loss per share of $0.40 for the third quarter; Non-GAAP diluted EPS of $1.24 for the third quarterCash from operations of $4,963 million for the third quarter, less capital expenditures of $172 million, resulted in $4,791 million of free cash flow, or 37 percent of revenueQuarterly common stock dividend of $0.53 per shareFourth quarter fiscal year 2024 revenue guidance of approximately $14.0 bil

PALO ALTO, Calif., Aug. 5, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2024 financial results and business outlook on Thursday, September 5, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, September 5, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.c

Revenue of $12,487 million for the second quarter, up 43 percent from the prior year periodGAAP net income of $2,121 million for the second quarter; Non-GAAP net income of $5,394 million for the second quarterAdjusted EBITDA of $7,429 million for the second quarter, or 59 percent of revenueGAAP diluted EPS of $4.42 for the second quarter; Non-GAAP diluted EPS of $10.96 for the second quarterCash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenueQuarterly common stock dividend of $5.25 per shareFiscal 2024 annual revenue guidance of approximately $51.0 billion including con

PALO ALTO, Calif., May 6, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its second quarter fiscal year 2024 financial results and business outlook on Wednesday, June 12, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Wednesday, June 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/reg

Revenue of $11,961 million for the first quarter, up 34 percent from the prior year periodCash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenueGAAP net income of $1,325 million for the first quarter; Non-GAAP net income of $5,254 million for the first quarterAdjusted EBITDA of $7,156 million for the first quarter, or 60 percent of revenueGAAP diluted EPS of $2.84 for the first quarter; Non-GAAP diluted EPS of $10.99 for the first quarterQuarterly common stock dividend of $5.25 per shareRepurchased and eliminated 7.7 million shares for $8,290 millionFiscal 2024 annual reve

PALO ALTO, Calif., Feb. 16, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call starting at 2:15 p.m. Pacific Time on the same day to discuss these results and business outlook, instead of at 2:00 p.m. Pacific Time as previously announced.  Date: Thursday, March 7, 2024 Time: 2:15 PM (PT); 5:15 PM (ET) To Listen via Telephone: Preregistration is required by the conference cal

PALO ALTO, Calif., Feb. 7, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a Delaware corporation headquartered in Palo Alto, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, March 7, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operat

Revenue of $9,295 million for the fourth quarter, up 4 percent from the prior year periodCash from operations of $4,828 million for the fourth quarter, less capital expenditures of $105 million, resulted in $4,723 million of free cash flow, or 51 percent of revenueQuarterly common stock dividend increased by 14 percent from the prior quarter to $5.25Adjusted EBITDA of $6,048 million for the fourth quarter, or 65 percent of revenueNon-GAAP diluted EPS of $11.06 for the fourth quarter; GAAP diluted EPS of $8.25 for the fourth quarterFiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year periodFiscal 2

Revenue of $8,876 million for the third quarter, up 5 percent from the prior year periodAdjusted EBITDA of $5,801 million for the third quarterNon-GAAP diluted EPS of $10.54 for the third quarter; GAAP diluted EPS of $7.74 for the third quarterQuarterly common stock dividend of $4.60 per shareRepurchased and eliminated 2.9 million shares for $2,167 millionFourth quarter revenue guidance of approximately $9.27 billion, an increase of 4 percent from the prior year periodFourth quarter Adjusted EBITDA guidance of approximately 65 percent of projected revenue (1)SAN JOSE, Calif., Aug. 31, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supp

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Jumia Technologies AG (NYSE:JMIA) is not making a lot of money. The company will release results for the second quarter before the opening bell on Tuesday, Aug. 6. Benchmark analyst Fawne Jiang initiated coverage of Jumia’s stock on July 9 with a Buy rating and a $14 price target. The African e-commerce company is poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region. See Also: Jim Cramer Recommended This Bank A Month Before It Collapsed, An Example Of ‘His Reverse Midas Touch’ When asked about Adeia Inc. (NASDAQ:ADEA), he said, “I would actually put Trade, TTD, which was down very bad

Technology stocks endured their steepest decline since late 2022 on Wednesday, with nearly 75% of Nasdaq 100 constituents slipping into the red. The Nasdaq 100 — tracked by the Invesco QQQ Trust (NASDAQ:QQQ) — dropped 3.6%, marking its fifth decline in six sessions and the sharpest one-day drop since October 2022. The tech-heavy index fell below its 50-day moving average for the first time since early May. It mostly stayed above this key support level since late October 2023, barring a brief two-week period between April and May. See Also: GDP Q2 Preview – 5 ETFs To Monitor Thursday As Economic Data Unfolds Shares of Alphabet Inc (NASDAQ:GOOG), the parent company of Google, plumm

U.S. chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Qualcomm Inc (NASDAQ:QCOM), Arm Holdings Plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC), Micron Technology, Inc (NASDAQ:MU) are trading lower on Wednesday. Tesla Inc (NASDAQ:TSLA) and Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower. Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consens

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 15 years by 23.6% on an annualized basis producing an average annual return of 35.67%. Currently, Broadcom has a market capitalization of $731.65 billion. Buying $100 In AVGO: If an investor had bought $100 of AVGO stock 15 years ago, it would be worth $9,715.70 today based on a price of $157.18 for AVGO at the time of writing. Broadcom's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and

In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating Broadcom (NASDAQ:AVGO) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry. Broadcom Background Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual reven

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP

In a recent development, Broadcom Inc. (NASDAQ:AVGO) is making significant strides in the AI stock market, posing a challenge to Nvidia Corporation (NASDAQ:NVDA). What Happened: The report, based on recent interactions with investors in New York and Connecticut, indicates that Broadcom’s specialized AI business is gaining traction, Business Insider reported on Tuesday. The company has been assisting cloud giants like Alphabet (NASDAQ:GOOGL) and Amazon Inc. (NASDAQ:AMZN) in developing customized AI chips for internal use. “AVGO is catching up to NVDA as the top holding as AVGO has more AI customers joining (OpenAI and Bytedance) and accretion from VMware,” Citi noted. However, Broadcom’

OpenAI is in discussions with Broadcom Inc. (NASDAQ:AVGO) to co-develop a new AI chip. This move is aimed at reducing the company’s dependency on Nvidia Corp. (NASDAQ:NVDA) and strengthening its supply chain. What Happened: OpenAI, co-founded and led by Sam Altman, is in talks with Broadcom and other semiconductor designers to enhance the supply of components and infrastructure required for running advanced AI models, reported the Financial Times on Thursday. These discussions are part of Altman’s strategy to secure the necessary resources for the company’s AI models. "The limiting factor of AI is capacity: chip capacity, energy capacity, compute capacity. [OpenAI] is not just going to