Credo Surges as Broadcom Delays AI Optics Shift to 2028
Broadcom confirms major AI customers will stick with copper cables in racks through 2028, boosting Credo shares while Lumentum and Coherent dip after Nvidia's optics investments.
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Broadcom CEO Sees AI Chip Sales Topping $100 Billion Next Year
Broadcom posts record Q1 revenue of $19.3B, up 29% YoY. AI chip sales doubled to $8.4B. Q2 guidance set at $22B, with AI revenue targeting $100B by 2027. Big customers: OpenAI, Google & Anthropic.
Alphabet Ramps Up AI Spending to $175-185 Billion in 2026
Alphabet (GOOGL) announces massive $175-185B capital expenditure for 2026, far exceeding analyst expectations of $115B, as Google deepens AI investments amid growing competition.
China Greenlights Nvidia H200 AI Chip Orders as Tech Giants Prepare Major Purchases
Chinese regulators grant approval for Alibaba, Tencent, and ByteDance to order Nvidia H200 AI chips, potentially unlocking $30 billion in revenue amid US-China trade tensions.
Wells Fargo Upgrades Broadcom, KLA, Lam Research, and Analog Devices
Wells Fargo upgrades Broadcom, KLA Corp., Lam Research, and Analog Devices to Overweight, citing strong growth potential, supply-demand dynamics, and positive market momentum.
Trump Hints at Apple's Possible Intel Investment: What We Know
President Trump suggests Apple may have invested in Intel alongside the U.S. government's 10% stake, but details remain unclear without official confirmation from either company.