Published on 13 Dec 2024 on Benzinga
Nvidia, AMD, Taiwan Semi Gain As Broadcom's Q4 Performance Sparks Sector-Wide...
Chip stocks, including Nvidia Corp NVDA, Advanced Micro Devices, Inc AMD, Marvell Technology, Inc MRVL, Micron Technology, Inc MU, Taiwan Semiconductor Manufacturing Co TSM, and Arm Holdings plc ARM, are trading higher Friday in sympathy with Broadcom Inc AVGO, bearing testimony to the interconnectivity of the semiconductor ecosystem.
Broadcom reported its fourth-quarter results after Thursday’s closing bell. The company reported revenue of $14.05 billion, up from $9.3 billion a year ago, compared to the analyst consensus of $14.57 billion. EPS of $1.42 missed the analyst consensus of $1.46.