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Western Digital Corp stock climbed on Tuesday as a sector-wide tech recovery and bullish analyst commentary on memory pricing buoyed investor sentiment ahead of major tech earnings.
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Cathie Wood's Ark Invest added to positions in Broadcom, Cerebras Systems, and Cloudflare on Wednesday, taking advantage of market pullbacks. All three stocks have declined 14-53% from recent all-time highs but show strong revenue growth and business fundamentals, with Broadcom expected to report 85% revenue growth and Cerebras showing 74% growth despite customer concentration concerns.
Read original at the-motley-foolBroadcom (AVGO) stock rises nearly 2% premarket following strong NVIDIA earnings. Get technical analysis, target prices, and Q3 forecasts.
Read original at benzingaKyndryl (NYSE:KD), a leading provider of mission-critical enterprise technology services, today announced an expanded strategic alliance with Broadcom to deliver end-to-end consulting services for VMware Cloud
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Read original at benzingaThe July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%
Read original at benzingaMicron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzinga