The semiconductor giant is riding a massive wave of artificial intelligence demand, but investors should look closely at the price tag before diving in.
The semiconductor giant is riding a massive wave of artificial intelligence demand, but investors should look closely at the price tag before diving in.
Key Points Broadcom's first-quarter revenue grew 29% year over year, and management expects that growth rate to accelerate to 47% in the current quarter. A booming artificial intelligence business is driving the company's financial outperformance. While the underlying business is exceptional, the stock's demanding valuation leaves little room for error if the artificial intelligence narrative cool...
Key Points Broadcom's first-quarter revenue grew 29% year over year, and management expects that growth rate to accelerate to 47% in the current quarter. A booming artificial intelligence business is driving the company's financial outperformance. While the underlying business is exceptional, the stock's demanding valuation leaves little room for error if the artificial intelligence narrative cools. 10 stocks we like better than Broadcom › Given the market's enthusiasm for artificial intelligence (AI) infrastructure, investors have good reason to actively seek companies demonstrating real, verifiable financial benefits from the boom. One stock that has been a major beneficiary is Broadcom (NASDAQ: AVGO). The semiconductor and infrastructure software specialist just delivered a blowout quarterly report. Not only did Broadcom's top-line growth accelerate, but the company also provided robust forward guidance. CEO Hock Tan has positioned the company perfectly to capture surging demand for the underlying hardware powering the AI revolution. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But a great business doesn't automatically make a great investment. Broadcom's incredible momentum Broadcom's fiscal first-quarter captures the company's incredible momentum. The tech company's revenue rose 29% year over year to a record $19.3 billion. Additionally, Broadcom generated $13.1 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), up 30% year over year and representing a staggering 68% of revenue. The catalyst for its strong growth? AI. The company's AI revenue grew 106% year over year to $8.4 billion, driven by robust demand for custom AI accelerators and AI networking components -- critical hardware components for modern data centers. Further, the business produce...
Council on Foreign Relations Senior Fellow for Middle Eastern Studies Elliott Abrams believes that despite the tensions in Iran, President Trump will not put US boots on the ground, drawing a contrast between the tensions with Iran and those of Iraq and Afghanistan. He talks with Romaine Bostick and Bailey Lipschultz on "The Close." (Source: Bloomberg)
Council on Foreign Relations Senior Fellow for Middle Eastern Studies Elliott Abrams believes that despite the tensions in Iran, President Trump will not put US boots on the ground, drawing a contrast between the tensions with Iran and those of Iraq and Afghanistan. He talks with Romaine Bostick and Bailey Lipschultz on "The Close." (Source: Bloomberg)
In an unmarked and undisclosed location in western Ukraine, British and Ukrainian engineers work side by side to fix damaged military hardware, crawling under the chassis of artillery systems and pulling apart the insides of British-donated howitzers. Until now, the existence of this facility, along with three other similar sites inside Ukraine, has been kept quiet, buried in neutral language to a...
In an unmarked and undisclosed location in western Ukraine, British and Ukrainian engineers work side by side to fix damaged military hardware, crawling under the chassis of artillery systems and pulling apart the insides of British-donated howitzers. Until now, the existence of this facility, along with three other similar sites inside Ukraine, has been kept quiet, buried in neutral language to avoid drawing too much attention to the sites, given the sensitivities of all military-linked work inside Ukraine. However, the Guardian was invited to view the location earlier this week – the first time media have been granted access – during a visit to Ukraine by the UK defence minister Luke Pollard. The facility was an example of Britain doing things that “no other nation has been willing or able to do”, said Pollard. While there are no British military personnel on site, there are British engineers, contracted by the Ministry of Defence, working in-country. For safety reasons, other countries have often preferred to repair kit outside Ukraine, leading to longer journeys and delays with getting it back to the front. The facility visited by the Guardian has repair bays for up to 30 vehicles, and is able to fix a number of weapons systems, including British-made AS-90 self-propelled howitzers. The AS-90 was initially planned to be withdrawn from service in the British army in the 2030s, but the decision was made to donate the entire stock of the system to Ukraine over the past few years. View image in fullscreen Pollard said having the facility inside Ukraine was a ‘risk worth taking and managing’ in the interest of support for Kyiv. Photograph: Jędrzej Nowicki/The Guardian “There are some things that in military times we don’t talk about, but when it comes to industrial partnerships, and the legitimate question of ‘You’ve donated all those AS-90s, what’s happened to them?’… we want to start telling the story,” said Pollard. He acknowledged that there was risk involved in ...
USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General Authored by Kimberly Hayek via The Epoch Times (emphasis ours), U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money. A USPS van driver parks the ...
USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General Authored by Kimberly Hayek via The Epoch Times (emphasis ours), U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money. A USPS van driver parks the car on a street in Manhattan, New York City, on August 24, 2020. Chung I Ho/The Epoch Times If it doesn’t, the service risks not being able to pay employees and vendors as early as February 2027, Steiner told The Associated Press. “ How long are employees going to work and vendors going to show up if we’re not paying them? ” he said. The Postal Service is an independent agency funded mostly by postage revenue and the services it provides, rather than federal appropriations. It reported a $9 billion net loss for fiscal year 2025. In 2024, the agency reported a $9.5 billion net loss. Operating revenues grew by $916 million, or 1.2 percent, largely due to its Ground Advantage shipping product. In the first quarter of fiscal 2026, ending Dec. 31, 2025, the USPS recorded a net loss of about $1.3 billion, in contrast to a $144 million gain in the same period the previous year. Total operating revenues decreased by $264 million, due primarily to reduced mail and package volumes. Steiner took over the role in July 2025 after heading the nation’s largest waste management firm. He also served on FedEx’s board. He called for broader reforms, including expanding revenue streams. “ We have to have a conversation with the American public ,” Steiner said. “If you want us to deliver everywhere, every day, we’ll do it. That’s not a problem. But who is going to pay for it? ” He proposed raising the cost of a first-class stamp from 78 cents to 95 cents, saying it could solve the fiscal issues. A decade ago, stamps cost 47 cents. USPS officials stress that U.S. rates are among the lowest among...
As models get smarter and more capable, the "harnesses" around them must also evolve. This "harness engineering" is an extension of context engineering, says LangChain co-founder and CEO Harrison Chase in a new VentureBeat Beyond the Pilot podcast episode. Whereas traditional AI harnesses have tended to constrain models from running in loops and calling tools, harnesses specifically built for AI a...
As models get smarter and more capable, the "harnesses" around them must also evolve. This "harness engineering" is an extension of context engineering, says LangChain co-founder and CEO Harrison Chase in a new VentureBeat Beyond the Pilot podcast episode. Whereas traditional AI harnesses have tended to constrain models from running in loops and calling tools, harnesses specifically built for AI agents allow them to interact more independently and effectively perform long-running tasks. Chase also weighed in on OpenAI's acquisition of OpenClaw , arguing that its viral success came down to a willingness to "let it rip" in ways that no major lab would — and questioning whether the acquisition actually gets OpenAI closer to a safe enterprise version of the product. “The trend in harnesses is to actually give the large language model (LLM) itself more control over context engineering, letting it decide what it sees and what it doesn't see,” Chase says. “Now, this idea of a long-running, more autonomous assistant is viable.” Tracking progress and maintaining coherence While the concept of allowing LLMs to run in a loop and call tools seems relatively simple, it’s difficult to pull off reliably, Chase noted. For a while, models were “below the threshold of usefulness” and simply couldn’t run in a loop, so devs used graphs and wrote chains to get around that. Chase pointed to AutoGPT — once the fastest-growing GitHub project ever — as a cautionary example: same architecture as today's top agents, but the models weren't good enough yet to run reliably in a loop, so it faded fast. But as LLMs keep improving, teams can construct environments where models can run in loops and plan over longer horizons, and they can continually improve these harnesses. Previously, “you couldn't really make improvements to the harness because you couldn't actually run the model in a harness,” Chase said. LangChain’s answer to this is Deep Agents, a customizable general-purpose harness . Built on...
A group of investors holding a majority of Kennedy-Wilson Inc. bonds plan to skip the company’s debt exchange offer and instead seek a cash payment, according to people familiar with the matter. The group, which is being advised by law firm Milbank and investment bank Houlihan Lokey Inc. , holds a majority of each of the three series of senior bonds that the real estate investment firm is seeking ...
A group of investors holding a majority of Kennedy-Wilson Inc. bonds plan to skip the company’s debt exchange offer and instead seek a cash payment, according to people familiar with the matter. The group, which is being advised by law firm Milbank and investment bank Houlihan Lokey Inc. , holds a majority of each of the three series of senior bonds that the real estate investment firm is seeking to exchange, the people said, asking not to be identified discussing private information. Kennedy-Wilson agreed last month to be acquired in an all-cash merger by a consortium led by Chief Executive Officer William McMorrow and Fairfax Financial. That transaction triggers a change of control covenant in the senior notes. According to the bond prospectuses, a change of control event requires the company to repay the notes at 101 cents on the dollar plus accrued interest. Instead, Kennedy-Wilson launched an offer to exchange the three outstanding bonds for two bonds with longer maturities and higher coupons. Investors tendering the bonds by the early deadline of March 13 would receive a principal amount of the new notes at par or above, depending on the existing notes they were exchanging, and would receive 95% of face value if they accept the exchange later. When it announced the offer on March 2, the company said creditors holding about 19% of the existing 2029 notes, about 35% of the existing 2030 notes and about 27% of the existing 2031 notes had already agreed to support the offer. Representatives for Kennedy-Wilson, Milbank, Houlihan Lokey, McMorrow and Fairfax Financial did not immediately respond to a request for comment.
martin-dm/E+ via Getty Images NEW YORK (March 6) - The Bureau of Labor Statistics (BLS) today reported 92,000 jobs lost , according to the Establishment Survey, a collection of job creation data from businesses replying to the survey. The number was a catastrophic miss from the 65,000 jobs that markets had anticipated. The private payroll number showed 86,000 jobs lost after taking account of 6,00...
martin-dm/E+ via Getty Images NEW YORK (March 6) - The Bureau of Labor Statistics (BLS) today reported 92,000 jobs lost , according to the Establishment Survey, a collection of job creation data from businesses replying to the survey. The number was a catastrophic miss from the 65,000 jobs that markets had anticipated. The private payroll number showed 86,000 jobs lost after taking account of 6,000 government jobs lost. December and January revisions resulted in an additional 69,000 jobs lost. For the three months from December, 2025, average monthly jobs creation has been less than 6,000 jobs per month, affirming our view in prior jobs and GDP reports that the economy is slowing. The BLS’s Household Survey , which polls the number of people taking jobs, and is viewed as eliminating workers holding more than one job, printed even worse than the Establishment Survey, showing 185,000 jobs lost. The unemployment rate and the U6 rate were 4.4% and 7.9%, respectively. The “U6” is the percentage of the population that is unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, plus all persons marginally attached to the labor force. Just 18,000 people joined the civilian labor force, the Labor Force Participation Rate fell nonetheless, to just 62%. Let’s look at our exclusive schedule of November and December Jobs Creation by Average Weekly Wages: January & February Jobs Creation by Average Weekly Wages (The Stuyvesant Square Consultancy (from BLS Data)) As you can see, jobs data for February was a veritable blood bath, with virtually no bright spots in the current months' (green) bars. So let’s move on to the status of the… Economy Generally The onset of the Iran War has significantly altered the outlook for the economy. Gasoline and diesel fuel prices have increased significantly, according to this chart adopted from AAA: Time Frame Regular Mid-Grade Premium Diesel Current Avg. $3.32 $3.82 $4.18 $4.33 Yeste...
U.S. President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, D.C., March 6, 2026. Nathan Howard | Reuters President Donald Trump on Friday urged Congress to "fix" what he described as an untenable financial situation in college sports because of the relatively new system of payments to football , basketball , and other players under name, image and...
U.S. President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, D.C., March 6, 2026. Nathan Howard | Reuters President Donald Trump on Friday urged Congress to "fix" what he described as an untenable financial situation in college sports because of the relatively new system of payments to football , basketball , and other players under name, image and likeness compensation. Trump's comments came at a White House roundtable on college sports that he was hosting. "The amount of money being spent and lost by otherwise very successful schools is astounding, just in a short period of time," Trump said. "It's only going to get worse. "It's crazy," Trump said. "Young people are being signed, 17-year-old quarterbacks for $12 million, 13 million, 14 million." Read more CNBC politics coverage Iran foreign minister: Not seeking ceasefire, warns U.S. invasion would be ‘big disaster for them’ Epstein files: DOJ plans to release new batch of documents ‘fairly soon,’ MS NOW reports Sen. Merkley proposes prediction market ban for government officials after Maduro, Iran bets "We have a seven-year freshman," he said. "We're seeing things that we've never seen before. We have college players that don't want to go to the NFL because they're making more money in college, right?" "A lot of really bad things are happening, but basic questions like who is eligible to play are now virtually unregulated and decided randomly by judges rather than by reasonable, agreed-upon rules that could be very simple and very simply drawn," he said. "So this has grown into a major challenge." This is breaking news. Please refresh for updates.
In Brief Life Electric Vehicles Holdings, also known as Life EV, officially owns the intellectual property, inventory, and certain operating assets of Rad Power Bikes. Life EV acquired Rad Power for $13.2 million. Rad Power Bikes, a buzzy electric bike company that raised nearly $330 million in venture capital, filed for Chapter 11 bankruptcy protection in December. The company had struggled for m...
In Brief Life Electric Vehicles Holdings, also known as Life EV, officially owns the intellectual property, inventory, and certain operating assets of Rad Power Bikes. Life EV acquired Rad Power for $13.2 million. Rad Power Bikes, a buzzy electric bike company that raised nearly $330 million in venture capital, filed for Chapter 11 bankruptcy protection in December. The company had struggled for months prior to its bankruptcy filing, and had warned employees it might have to shut down without new capital. Life EV intends to keep the company intact and said it will continue retail operations under the Rad Power Bikes brand in the United States. It also plans to expand the retail footprint in select key markets. Life EV also pledged to support existing customers who might be wondering what would become of their bike warranties or even gift cards. The Florida-based Life EV has built its business by acquiring, developing, and scaling electric bicycle and micro-mobility brands. While Rad Power is perhaps its highest profile purchase, the company also holds an equity interest in LEV Manufacturing, Inc., which acquired the Serial 1 premium electric bicycle brand originally developed and spun off from Harley-Davidson. In a statement, Life EV said the acquisition fits into its broader strategy of expansion across North America.
Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give Indian refiners the green light to purchase crude from the nation. “Treasury agreed to let our allies in India start buying Russian oil that was already on the water,” Bessent said in an interview with Fox Business Friday.“To ease the temporary gap of oil around the world, we...
Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give Indian refiners the green light to purchase crude from the nation. “Treasury agreed to let our allies in India start buying Russian oil that was already on the water,” Bessent said in an interview with Fox Business Friday.“To ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil.” Bessent said there’s “hundreds of millions of sanctioned barrels” of crude on the water now. “In essence, by unsanctioning them, Treasury can create supply,” he said.
Next week brings a slate of potentially market-moving events, with inflation data front and center. Wednesday's consumer-price index and Friday's personal-consumption expenditures index will offer the Federal Reserve two new reads on price pressures.
Next week brings a slate of potentially market-moving events, with inflation data front and center. Wednesday's consumer-price index and Friday's personal-consumption expenditures index will offer the Federal Reserve two new reads on price pressures.