Kyndryl Expands Partnership With Broadcom To Provide Consulting Services For VMware Cloud Foundation

Broadcom's AI Revenue Is Growing at 221%. Here's Why Custom Chips Could Be a Bigger Business Than GPUs.

Broadcom's AI semiconductor revenue surged 221% year-over-year in Q3, driven by custom AI accelerators (XPUs) designed with hyperscalers like Google, Meta, and OpenAI. Custom chips offer better power efficiency, faster inference, and higher returns on capital compared to GPUs, making them increasingly attractive as hyperscalers face capital constraints. While Nvidia's data center business is currently 4x larger, custom silicon is winning by volume among major customers and could eventually become a bigger business than GPUs.

Warren Buffett's $863 Million "Secret" Portfolio Dumped Alphabet and Broadcom, but Has Over 17% of Invested Assets in This Proven Moneymaking Strategy

Warren Buffett's lesser-known portfolio managed through New England Asset Management (NEAM), a Berkshire Hathaway subsidiary, has significantly reduced positions in AI stocks Alphabet and Broadcom during Q2, citing concerns about AI bubble valuations. Instead, the portfolio has allocated over $149 million (17.3%) to S&P 500 index funds (SPY and VOO), reflecting Buffett's long-standing recommendation for retail investors to invest in low-cost index funds that have generated positive returns over every 20-year rolling period since 1900.

'Diversification is Dying' — Nvidia, Apple Lead 10 Stocks Taking 41 Cents Of Every Dollar Invested In S&P 500, Says This Commentator

Ten stocks now command roughly 41 cents of every dollar in the S&P 500, nearly twice the 23 cents shared by its 402 smallest companies.

Stock Market Today, Oct. 6: Marvell Stock Is Up as the Company Raises FY2028 Revenue Outlook to $20 Billion

Marvell Technology stock surged 5.81% on October 6, 2026, after the chipmaker raised its FY2028 revenue guidance to $20 billion (up from $18 billion) and announced a FY2031 target of $70-90 billion in sales with EPS of $30+. The strong guidance reflects robust demand for custom AI chips and networking equipment for data centers, supported by Nvidia's $2 billion investment partnership announced earlier in the year.

Kyndryl, WPP Expand Partnership Spanning Enterprise Transformation, Marketing And Joint Go-To-Market, With WPP Named Preferred Global Marketing Partner

Shares of IT services companies are trading higher, possibly due to Accenture's Q4 financial results. Accenture, an industry bellwether, signaled strong performance that boosts investor confidence across the sector.