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If the production of the 18A chips fails next year, Intel may spin off its chip manufacturing business.
Intel executives stated that Intel is separating the financial and operation aspects of its manufacturing department into an independent subsidiary, and the foundry business has already been separated from Intel's other businesses, with a separate operation committee and business process software system being established.
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Express News | Broadcom shares soared after the company reported a 220% rise in AI revenue and profits that exceeded expectations.
Options Market Statistics: Broadcom Stock Soars on 51% Q4 Revenue Surge; Options Pop
There are huge opportunities in the AI field! Broadcom's Earnings Reports brought unexpected surprises, with stock prices surging by 15% after hours.
① After the market closed on Thursday Eastern Time, Broadcom announced better-than-expected fourth quarter Earnings Reports, with the stock price soaring over 15% after hours. ② The CEO of Broadcom revealed that they are developing custom AI Chips with three large cloud customers, expecting each customer to deploy 1 million AI Chips by 2027. ③ Broadcom's AI revenue grew by 220% this year to 12.2 billion dollars, and it is anticipated that AI product revenue will increase by 65% year-on-year in the first quarter of fiscal year 2025.
Wall Street is hot on quantum computing stocks, but Google's quantum chip does not actually possess computing power.
Google unveiled its new "quantum chip" Willow this Tuesday, causing its parent company Alphabet and related Stocks to surge significantly this week. However, Analysts indicate that quantum computing is still a long way from any commercial use and advise investors not to get overly excited due to the recent rise.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Broadcom's Q4 profit exceeded expectations, with AI revenue doubling and soaring by 220% for the entire fiscal year, rising 15% in after-hours trading | Earnings Reports insights.
AI demand drives Broadcom's strong profits, with revenue and next quarter guidance generally meeting expectations. In the fiscal year 2024, total revenue, profits, and Semiconductors revenue all reach new highs. The CEO is Bullish about the huge demand for custom AI Chips in the coming years. Earlier reports indicated that Apple is close to replacing Broadcom's supply with its self-developed wireless chips for iPhone and home devices, causing Broadcom's after-hours gains to narrow at one point.