Shares of semiconductor giant Broadcom (NASDAQ: AVGO) were up Friday, gaining 2.7% as of noon ET, but were up as much as 3.6% earlier in the day. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 1% and 1.

When it comes to widely followed Wall Street money managers, Berkshire Hathaway's (BRK.A 0.64%) (BRK.B 0.94%) CEO Warren Buffett is in a class of his own. In the roughly six decad

Artificial intelligence (AI) is driving the highest gains in the market, and several of the largest companies in the world today by market cap are only there because of AI. In fact, the five most valuable companies in the world are all making major inroads into AI,

The tech integrates 2.5D packaging technology and 3D silicon stacking to usher in the next generation of “superchips” for AI.

SoftBank-backed Qraft Technologies has three AI-powered exchange-traded funds, including its momentum fund AMOM.

Let's talk numbers, because Broadcom's fiscal 2024 results are jaw-dropping. Revenue soared 44% to a record $51.6 billion, with AI leading the chargea staggering 220% jump in AI revenue to $12.2 billion.

Broadcom's recent fiscal performance underscores its resilience, with AI-related revenue driving better-than-expected fourth-quarter results. The company anticipates $14.6 billion in revenue and an EBITDA margin of approximately 66% for the upcoming quarter, cementing its position alongside NVIDIA Corp NVDA in the AI infrastructure race.

Nvidia supplies leading hyperscalers with AI chips, but Broadcom's latest sales figures may not bode well for the company.

ASICs are custom chips designed for very specific purposes. When it comes to custom AI chips, Broadcom (NASDAQ: AVGO) has been the leader in the space. Alphabet was its first AI chip customer, with Broadcom helping to design its tensor-processing unit (TPU) called Trillium.

For the longest time, AVGO was only a so-so stock. In the early 20-teens, prices for the stock then-and-now still known as Broadcom (Nasdaq: AVGO) bounced around in the single-digits, only breaking into the double digits in the second half of the second decade of this century.

Decades of cloud systems and information technology (IT) expertise could propel this artificial intelligence (AI) specialist to new heights.

Ultra Accelerator Link Consortium (UALink) on Tuesday said that Alibaba Cloud, Apple, and Synopsys have been elected to its board of directors, which allows the companies to influence development of UALink,