Broadcom may not be as well known as Apple, Microsoft, Amazon or Google but it has managed to position itself among the 10 most valuable companies on the planet by its market capitalization. This Friday, the shares of the American company, specialized in infrastructure and semiconductors, experienced a notable increase, allowing it to surpass the trillion-dollar valuation barrier for the first time in its existence.
This scenario takes place in the midst of the expansion of artificial intelligence (AI), a phenomenon that has propelled companies like NVIDIA to the select group of technology companies valued at more than 3 trillion dollars. However, this same boom has negatively affected a giant like Intel, which has seen its share Price plummet by more than 50% in the last year, in addition to facing the resignation of its CEO in the midst of a historic crisis. .
Now Broadcom rubs shoulders with the largest on the planet
As we can see in the Yahoo Finance chart, Broadcom shares rose just over 20% this Friday. The firm’s shares were trading at $180.66 on Thursday at market close, but at the time of this writing they are priced at $218.04. We are talking about that they are now $37.38 more expensive. As with listed companies, the rise in their shares has a direct impact on their market capitalization.
For this reason, Broadcom now has a market capitalization of $1.03 trillion. According to Companies Market Cap data, this puts it ahead of Berkshire Hathaway, the conglomerate led by Warren Buffett, and just behind TSMC, the world’s largest semiconductor manufacturer. Currently, the podium of the most valuable listed companies is occupied by Apple in first place, followed by NVIDIA and Microsoft. Intel, for its part, has fallen to position 207 in this ranking.
Broadcom is literally in one of the best moments in its history. The technology company’s fourth quarter financial results indicate that it invoiced $14.05 billion51% more than the previous year. The profit, for its part, was 4,324 million dollars. Broadcom has more than 60 years of history and is behind a broad range of semiconductors that power solutions for home networking devices and business equipment.
Its products are a key piece in many AI data centers, both locally (for high-speed interconnections) and externally to offer cloud services. Broadcom also has other businesses. The firm bought Symantec’s enterprise security unit a few years ago and later did the same with the VMware virtualization platform. Additionally, The Information recently noted that the company is working with Apple to develop an AI chip.
Images | Broadcom | Screenshot
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