Wall Street’s main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week.
Read More Wall Street retreats with data, Fed comments in focusTag: Broadcom
Broadcom soars as demand for AI chips powers forecast raise
Broadcom surged about 15% as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology.
Read More Broadcom soars as demand for AI chips powers forecast raiseGoogle unveils Arm-based data center processor, new AI chip
Google revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based , based central processor.
Read More Google unveils Arm-based data center processor, new AI chipExclusive: Nvidia chases $30 billion custom chip market with new unit -sources
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others.
Read More Exclusive: Nvidia chases $30 billion custom chip market with new unit -sourcesS&P, Nasdaq muted as markets brace for inflation and Fed
The S&P 500 was muted and Nasdaq inched lower on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data.
Read More S&P, Nasdaq muted as markets brace for inflation and FedBroadcom Acquires VMware In $69B Deal After China Approval
The chipmaker company Broadcom has officially acquired VMware for $69 billion.
Read More Broadcom Acquires VMware In $69B Deal After China Approval