Broadcom reports AI semiconductor bookings exceeding $30 billion, signaling robust multi-year demand amid supply constraints. Broadcom’s AI semiconductor revenue reached a record $10.8 billion in its latest quarter, but the standout figure was over $30 billion in future bo
Broker Shore Capital highlights PHP’s progress on capital recycling and debt reduction as it evaluates offers for a £700M healthcare joint venture. Primary Health Properties PLC (LSE:PHP) is in advanced talks to establish a joint venture for its £700 million private hospit
Steve Cirulis succeeds Ken Cook as CFO and CSO The Wendy's Company has appointed Steve Cirulis as its new chief financial officer and chief strategy officer. He will report to Bob Wright, the company's president and CEO. Cirulis previously held the dual titles of CF
Analysts see 36% upside for QCOM shares at $204.13 despite an 8% pre-Investor Day drop and automotive growth. Qualcomm’s stock fell 8% ahead of its Investor Day, trading at $204.13, but analysts set a 12-month target of $278.13, implying 36% upside. The firm cited high con
Wendy's stock jumps after Reddit traders target the heavily shorted fast-food chain amid broader retail investor interest. Shares of Wendy's (NASDAQ:WEN) climbed 27% Wednesday morning following a call to action on Reddit's WallStreetBets forum, which urged traders to "save
Investors require 926 shares of Sirius XM to earn $1,000 yearly, based on the current $0.27 quarterly dividend. Investors would need to hold 926 shares of Sirius XM (NASDAQ: SIRI) to generate $1,000 in annual dividends, given the company’s $0.27 quarterly payout. This equa
Rivian’s $5 billion Volkswagen partnership generates $282 million in Q1 software revenue but fails to offset negative automotive margins. Rivian (NASDAQ:RIVN) remains a Hold at $14.89, with analysts recommending fresh capital only if shares dip toward $11.50. The stock has
The firm raised its 2024 forecast by 200 points, citing AI-driven earnings upgrades and geopolitical tailwinds, but flagged flash-crash risks. JPMorgan increased its S&P 500 year-end target to 7,800, up from 7,600, reflecting a nearly 6% gain from current levels. The revis
Taxpayers may secure refunds or penalty abatements for COVID-19 period filings if claims are filed by July 10. The IRS is allowing taxpayers to claim refunds or abatements for penalties and interest assessed between January 20, 2020, and July 10, 2023. The opportunity stem
The upgrade reflects IBM's shift toward higher-margin software, now driving nearly two-thirds of profits amid AI integration. JPMorgan upgraded IBM to Overweight and raised its price target to $291 from $270, citing the company’s software business as the primary growth dri
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