Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate.
Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. Palo Alto, California-based Broadcom is a semiconductor supplier to Apple and other major tech companies.
But it may take longer for that to happen in this tech bull market with little AI exposure beyond its large Apple holding. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications. Broadcom said $3.1 billion in sales during the current quarter could be attributed to revenue from AI products.
Stock Markets Broadcom Inc Berkshire Hathaway Inc Apple Inc Alphabet Inc CNBC Magnificent 7 Index Business News
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.
Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market, JPMorgan estimatesBerkshire Hathaway's purchase of Treasury bills has been so aggressive that the conglomerate now owns 3% of the entire market, according to JPMorgan.
Read more »
Warren Buffett's Berkshire Hathaway did crash 99% ...against Bitcoin since 2015Allocating just 1% of Berkshire Hathaway's portfolio to Bitcoin could have boosted Warren Buffett's profits by over 25%.
Read more »
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.
Read more »
Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVsWarren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.
Read more »
Edward Snowden Delivers Iconic Bitcoin Line as Berkshire Hathaway Falls 99.97%Edward Snowden delivers iconic Bitcoin line as Berkshire Hathaway of Warren Buffet suddenly falls 99.97%
Read more »
NYSE Says Technical Glitch Caused Berkshire Hathaway Stock to Appear Down 99%See multiple perspectives from Fox Business, MarketWatch, and NBC News Digital at AllSides.com.
Read more »