MARKET COMPOSITE
AVGO - Broadcom Inc8:00:00 PM 4/25/2024
Price
$1294.42
+ 37.60 (2.99%)
Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets. Tan Hock Eng is the company's president and CEO. The company is headquartered in San Jose, California. Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO that represented old Avago now represents the new merged entity. The Broadcom Corporation ticker symbol BRCM was retired.
Financials
Quarterly financials
(USD)Feb 2024Q/Q
Revenue12B+29%
Gross Profit7.4B+15%
Cost Of Revenue4.6B+59%
Operating Income2.1B-51%
Operating Expenses5.3B-
Net Income1.3B-62%
R&D2.3B+66%
G&A1.6B-
Interest Expense926MM-
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

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Stock news

    Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.

    Big spending on the part of tech giants equals big-time revenue for these three companies.

    Data-center coolant systems specialist Vertiv soared Wednesday on strong earnings. It's a good sign for AI stocks like Nvidia and Super Micro.

    On Monday, critics of Broadcom Inc (NASDAQ:AVGO) dismissed the U.S. chipmaker’s revisions to its cloud licensing practices, arguing that the changes fail to resolve their concerns over alleged price increases, unfair software licensing terms, and product bundling. Last week, Broadcom CEO Hock Tan announced in a blog post a series of modifications to the licensing conditions of the recently acquired cloud computing company VMware, following grievances from some EU business users and a trade group

    In the most recent trading session, Broadcom Inc. (AVGO) closed at $1,211.49, indicating a +0.56% shift from the previous trading day.

    Median pay for America’s top CEOs rose 11.4% in 2023 to a record $23.7 million, according to pay consulting group Equilar. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Topping Equilar’s list is Broadcom CEO Hock Tan, with total compensation of $161.8 million last year.

    Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together. Last week Broadcom Chief Executive Hock Tan in a blogpost announced a raft of changes to newly acquired cloud computing company VMware's licensing condition following complaints from some EU business users and a trade group. These included substantial price cuts to...

    BRUSSELS (Reuters) -Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together. Last week Broadcom Chief Executive Hock Tan in a blogpost announced a raft of changes to newly acquired cloud computing company VMware's licensing condition following complaints from some EU business users and a trade group. These included subst...

    As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.

    Had he been writing today, Franklin might have added ever-rising CEO pay to his list of inevitabilities. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Equilar’s list includes the largest CEO pay packages at companies with revenue of at least $1 billion that filed their proxies to the Securities and Exchange Commission by March 31.