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Stock impact report

Bank of America resets Broadcom stock forecast [Yahoo! Finance]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Yahoo! Finance
company settled an important question for many investors, and they are reacting positively. The question is, how secure are Broadcom's revenue streams? The company's CEO, Hock Tan, previously addressed this question during the Q1 earnings call Tan specifically answered the question of whether LLM makers could start making their own chips without Broadcom's help. “They face tremendous challenges. You need the best silicon design team around. You need cutting-edge, really cutting-edge SerDes, very advanced packaging. We've been doing this for 20 years, more than 20 years in silicon.” “I would say we are by far way out there, and we will not see competition in [customer-owned tooling (COT)] for many years to come,” he concluded. However, that wasn't enough, and the company's 8-K filing from April 6 proved more convincing. The stock closed 6.21% higher the following day after the filing revealed important supply agreements with Google and Anthropic. Broadcom extends partnershi Show less Read more
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