AI CHIP SALES

Jun 06 2025TECHNOLOGY

Broadcom's Big Bet on AI Pays Off

Broadcom recently shared its second-quarter earnings, and it was a big win. The company made more money than experts thought it would. This success is partly thanks to its focus on custom chips for artificial intelligence. These chips are in high demand, especially from big tech companies. The company's revenue grew by 20% compared to the same time last year. This i...

reading time about 1 minute
Oct 16 2024BUSINESS

Semiconductor Stocks Plunge: ASML Forecasts and U. S. Export Caps Spook Markets

Asian chip stocks took a hit on Wednesday, with investors reacting to disappointing sales forecasts from ASML, a major Dutch semiconductor equipment maker. The news sent ripples through the global market, with significant drops recorded across the board. Japanese semiconductor giant Tokyo Electron saw its shares plummet by nearly 10%, while other key players like Ren...

reading time about 1 minute