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DeepNewz, mobile.
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Broadcom Inc. reported strong earnings for the fiscal first quarter, driven by robust demand for its AI chips. The company exceeded expectations and raised its outlook, with its CEO highlighting significant investments in research and development aligned with the needs of hyperscale customers. Broadcom's acquisition of VMware has also proven beneficial, as a majority of its top customers have opted for its Cloud Foundation stack. In contrast, Hewlett Packard Enterprise (HPE) announced plans to lay off 2,500 employees, representing a 5% reduction in its workforce, in response to mixed earnings results and ongoing profitability challenges. The layoffs are part of a broader strategy to align costs with business demands amid competitive pressures and inventory valuation issues.
$HPE Hewlett Packard Ent whacked last week Plans to reduce workforce by 5% to align costs; reflects challenges in maintaining profitability amid pressures. Operating profits pressured by inventory valuation and aggressive competition; margins remain under scrutiny.… https://t.co/OaYensW6SD
Google has produced millions of TPUs with Broadcom, yet its AI silicon sales amount to only a few hundred million per quarter, so small that they don’t even break it out separately from networking like what Nvidia does. I don’t get the hype. Any $AVGO bull?
"Rumor: A major TSMC customer expressed its intention to increase its CoWoS-L booking last Friday." Can it be any other major one other than Nvidia use TSMC CoWoS-L? https://t.co/LGRBySuEzf https://t.co/nmrbRZR8IY
