Broadcom's Stock Drops 10% as Its Non-AI Business Struggles: An Earnings Report Deep Dive – Yahoo Finance
Stock Broadcom (NASDAQ: AVGO) Shares fell 10.4% on Friday after the semiconductor and infrastructure software maker reported financial results for its third quarter of fiscal 2024 (ended Aug. 4) the previous afternoon. The decline was likely due in large part to the company's fourth-quarter earnings guidance being slightly lower than Wall Street had expected. artificial […]
Morgan Stanley prefers 'boring' non-AI tech stocks for 2024. Here are its top global picks – CNBC
Non-artificial intelligence tech stocks that struggled in 2023 have the potential for big gains in 2024, according to Morgan Stanley. Tech analysts at the investment bank say AI and cloud computing stocks are likely to continue to grow, but their valuations are very high. After rising 230% this year, shares of AI chip maker Nvidia […]
