hh5800/iStock via Getty Images Investment Thesis I believe investors got Broadcom's ( AVGO ) latest earnings all wrong. They fixated on the $16 billion AI revenue call for the coming quarter and, in doing so, overlooked some rather significant details: the company has put in place a way to forecast revenues as far out as 2028, logged more than $30 billion in AI bookings in one quarter alone, and i...
hh5800/iStock via Getty Images Investment Thesis I believe investors got Broadcom's ( AVGO ) latest earnings all wrong. They fixated on the $16 billion AI revenue call for the coming quarter and, in doing so, overlooked some rather significant details: the company has put in place a way to forecast revenues as far out as 2028, logged more than $30 billion in AI bookings in one quarter alone, and is looking at $100 billion in AI chip sales by 2027. Since my last coverage , AVGO is up 31%, and I bought the post-earnings dip as there is a clear route to more than $100 billion in AI revenue by 2027 that supports the bullish outlook. Data by YCharts The $30 Billion Signal Wall Street Missed With $10.8 billion in AI semiconductors shipped and over $30 billion in fresh orders to its name this quarter, Broadcom has shown the demand is running ahead of what it can supply. The company has even extended its demand visibility into 2028. Yet investors were not pleased; the stock was down after Hock Tan, the CEO, chose not to revise his projections for 2027 to reflect $100 billion in AI chip sales. You have Google ( GOOG ) ( GOOGL ) with its long-term arrangement for TPUs and networking, or Meta ( META ) rolling out custom accelerators as time goes on. OpenAI and Anthropic are locking in compute at the gigawatt level. These aren’t your everyday customer transactions but proper strategic partnerships. I’m not so sure you can still call Broadcom an ASIC company; the label doesn’t do them justice anymore. Their real moat is in the networking side of things. It accounts for close to 40% of AI revenue in the second quarter, and the execs are right to make a point of their edge in SerDes, routers, and switches. They have a 100-terabit Tomahawk switch in the field and will be shipping a 200-terabit version by the end of the quarter. Q2 Earnings It is important in an era where scaling AI clusters is no easy task. Nvidia ( NVDA ) may get all the attention for the computing side, but Broad...
You work hard and save what you can, but when it comes to retirement planning, you aren't alone if you feel like you're barely making progress toward your goals. Living costs keep increasing, and you may not have access to a 401(k) through your job. The federal government is launching a new initiative next year to try to help savers struggling with the latter issue, and President Trump recently ma...
You work hard and save what you can, but when it comes to retirement planning, you aren't alone if you feel like you're barely making progress toward your goals. Living costs keep increasing, and you may not have access to a 401(k) through your job. The federal government is launching a new initiative next year to try to help savers struggling with the latter issue, and President Trump recently made a pretty bold claim that it could make low-income savers "rich." But the reality is a bit more complicated. Image source: Getty Images. Continue reading
Rubio: 'Most Of The World Assesses' That Israel Has Nuclear Weapons Authored by Dave DeCamp via AntiWar.com, US Secretary of State Marco Rubio on Wednesday was asked whether Israel has nuclear weapons and acknowledged that "most of the world assesses that they do," but also reaffirmed the US policy of not acknowledging the existence of Israel’s nuclear stockpile and secret weapons program. Rubio m...
Rubio: 'Most Of The World Assesses' That Israel Has Nuclear Weapons Authored by Dave DeCamp via AntiWar.com, US Secretary of State Marco Rubio on Wednesday was asked whether Israel has nuclear weapons and acknowledged that "most of the world assesses that they do," but also reaffirmed the US policy of not acknowledging the existence of Israel’s nuclear stockpile and secret weapons program. Rubio made the comments when being questioned by Rep. Joaquin Castro (D-TX), who recently led a letter to the State Department asking for answers about Israel's nuclear weapons program. Rubio’s State Department responded by referring the group of Democratic lawmakers to the government of Israel. The stakes are too high to stay in the dark on Israel’s nuclear capabilities. Today, I asked Secretary Rubio if Israel has a nuclear program. He said "most of the world assesses that they do" and committed to providing more information. pic.twitter.com/TOPiCmq7h5 — Joaquin Castro (@JoaquinCastrotx) June 3, 2026 “I have to say, Mr. Secretary, that’s a very bizarre response,” Castro told Rubio at a congressional hearing. Castro then asked Rubio if he could tell the American people whether or not Israel has nukes. “You know that that’s a question we don’t, they’ve never acknowledged to have a nuclear program, people can have, as you know, an open source and other reporting suspicions about what they possess. If we're speaking frankly, I think most of the world asseses that they do,” Rubio said. “But they’ve never acknowledged that publicly, and as a feature of our foreign policy, for a variety of reasons, we don’t discuss it that way either,” he added. Castro expressed concern over what Israel’s “red lines” could be when it comes to using its nuclear weapons and said he was “shocked that our government wouldn’t make an effort to know, to understand and then to give our oversight body the information that we need to make decisions about the war. Rubio said Castro’s concerns were “fair” and tha...
Key PointsCFO Bruce Hausmann sold 50,000 shares on May 27, 2026, for a transaction value of approximately ~$1.48 million, based on the SEC-reported price of $29.66 per share.
Key PointsCFO Bruce Hausmann sold 50,000 shares on May 27, 2026, for a transaction value of approximately ~$1.48 million, based on the SEC-reported price of $29.66 per share.
Zumiez shares slipped more than 18% during early trading on Friday after the company reported mixed first-quarter results and issued second-quarter guidance that fell below market expectations. The company reported Q1 GAAP EPS of -$0.82, missing consensus estimates by $0.01, while revenue of $193.3M came in $2.28M above consensus. “We continue to make important progress toward sustained profitable...
Zumiez shares slipped more than 18% during early trading on Friday after the company reported mixed first-quarter results and issued second-quarter guidance that fell below market expectations. The company reported Q1 GAAP EPS of -$0.82, missing consensus estimates by $0.01, while revenue of $193.3M came in $2.28M above consensus. “We continue to make important progress toward sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez. “First-quarter comparable sales increased in the mid-single digits for the second consecutive year, driven by ongoing strength in our North American business and strong mid-single-digit comps in Europe. Sales trends in the U.S. remained nicely positive during the quarter despite increasing pressure on consumers, underscoring the success of our recent merchandise assortments and customer experience initiatives. While still in the early innings, the work we are doing to replicate our full-price selling model in Europe is gaining traction, contributing to year-over-year improvements in sales and margin. Despite some softness in North America during May, we are encouraged that we have been able to grow sales and margin through the challenges in the macro environment and feel we are well positioned to capitalize during the key back-to-school and holiday seasons, when consumers have a reason to come out and shop,” Brooks added. The company introduced second-quarter revenue guidance of $210M to $215M, below the consensus estimate of $218.43M. Earnings per share are expected to be between -$0.23 and -$0.08, well short of the consensus estimate of $0.09. As of May 2, 2026, the company had cash and current marketable securities of $124.2M, compared with $101M as of May 3, 2025. More on Zumiez Zumiez Inc. (ZUMZ) Q1 2026 Earnings Call Transcript Zumiez Is Fit For An Upgrade Zumiez: Pullback Creates Opportunity Given Margin Expansion (Rating Upgrade) Zumiez anticipates Q2 sales of $210M-$215M amid consumer pressure, while pr...
When Quilty hit the industry trades earlier this year, the AI startup promised that its tool could accurately predict a film's success just by reading the script. When people actually got a chance to experiment with Quilty's product, though, they were left skeptical. Even with all the available data in the world, it predicted the script for Christy , which would go on to be a box office flop, woul...
When Quilty hit the industry trades earlier this year, the AI startup promised that its tool could accurately predict a film's success just by reading the script. When people actually got a chance to experiment with Quilty's product, though, they were left skeptical. Even with all the available data in the world, it predicted the script for Christy , which would go on to be a box office flop, would outperform the script for Sinners , which became an Oscar-winning blockbuster. As many AI execs have pitched before, Quilty's founders believe that can help "democratize" their industry by giving up-and-coming creatives access to assistive tools - … Read the full story at The Verge.
Andrew Ross Sorkin is arguably one of the biggest names in business news, and with his new book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation, the man has really shone a bright light on the lessons from the distant past, which may have been forgotten by ... Big-Name Anchor Thinks a Market Downturn is Inevitable — A Sober Reminder That Bull Markets Don’t Ru...
Andrew Ross Sorkin is arguably one of the biggest names in business news, and with his new book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation, the man has really shone a bright light on the lessons from the distant past, which may have been forgotten by ... Big-Name Anchor Thinks a Market Downturn is Inevitable — A Sober Reminder That Bull Markets Don’t Run Forever, Even in Boom Times
The U.S. technology sector ( XLK ) shed 43K jobs over the past year, according to Bureau of Labor Statistics data released Friday, marking a downturn nearly as severe as the worst of the 2024 tech recession and significantly worse than either the 2008 or 2020 downturns. The figures, highlighted by economist Joey Politano, reveal a troubling milestone: this is now the longest continuous stretch of ...
The U.S. technology sector ( XLK ) shed 43K jobs over the past year, according to Bureau of Labor Statistics data released Friday, marking a downturn nearly as severe as the worst of the 2024 tech recession and significantly worse than either the 2008 or 2020 downturns. The figures, highlighted by economist Joey Politano, reveal a troubling milestone: this is now the longest continuous stretch of tech job losses in U.S. history. While the dot-com bubble collapse saw larger overall job cuts, tech firms began adding workers again within three years of that downturn. By contrast, the current contraction has persisted for three consecutive years with no signs of slowing. The extended nature of the decline distinguishes it from previous tech sector corrections, which typically featured sharper but shorter periods of job shedding followed by rapid recovery. The weakness stands out as the broader labor market appears far stronger: U.S. employers added 172K jobs in May, more than double the 85K consensus, while the unemployment rate held at 4.3%. Joey Politano More on the Tech Sector FTEC: You Don't Need Stock Picking In Tech, Just This ETF FTEC And The Illusion Of Expected Valuations You Need To Know Single Stock Volatility Jumps To A Record Vs. The VIX Index Databricks CEO says company won't go public this year Workforce shakeup: tech plummets, real estate spared
Webull ( BULL ) is expanding its suite of long-term investing and retirement solutions for U.S. users with the launch of mutual funds for individual retirement accounts. The launch is for select U.S. customers currently, with a full rollout to all IRA accounts expected shortly. IRA customers can access professionally managed mutual funds for more diversified portfolios directly within the Webull p...
Webull ( BULL ) is expanding its suite of long-term investing and retirement solutions for U.S. users with the launch of mutual funds for individual retirement accounts. The launch is for select U.S. customers currently, with a full rollout to all IRA accounts expected shortly. IRA customers can access professionally managed mutual funds for more diversified portfolios directly within the Webull platform. The launch supports investors contributing to retirement accounts, rolling over retirement assets, or looking to diversify their long-term portfolios. More on Webull Corporation Webull Corporation 2026 Q1 - Results - Earnings Call Presentation Webull Corporation (BULL) Q1 2026 Earnings Call Transcript Webull: Heightened Volatility Should Drive Growth Which brokerages are scrapping pattern day trading rules today? Mid-cap financial stocks ranked by quant ratings after earnings season
Last week's explosion of a New Glenn rocket at Cape Canaveral, Florida, was clearly a setback for Blue Origin and NASA, but it was a learning experience for safety officials looking to open up the spaceport to hundreds more launches per year. The launch base on Florida's Space Coast is gearing up for a flurry of new arrivals. SpaceX is building multiple launch pads for its super-heavy Starship roc...
Last week's explosion of a New Glenn rocket at Cape Canaveral, Florida, was clearly a setback for Blue Origin and NASA, but it was a learning experience for safety officials looking to open up the spaceport to hundreds more launches per year. The launch base on Florida's Space Coast is gearing up for a flurry of new arrivals. SpaceX is building multiple launch pads for its super-heavy Starship rocket, which will operate within a few miles of launch pads operated by SpaceX rivals Blue Origin and United Launch Alliance. Two other companies, Stoke Space and Relativity Space, are also developing launch sites along a narrow stretch of coastline at Cape Canaveral Space Force Station. All of them have, or will soon have, rockets burning methane or liquified natural gas, replacing legacy launch vehicles fueled by kerosene, liquid hydrogen, or solid propellants. There are good technical reasons for making the switch, but until last week, engineers had scant real-world data on the damage that millions of pounds of methane and liquid oxygen would cause if a fully loaded rocket exploded on the launch pad or soon after liftoff. Read full article Comments
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout. (Source: Bloomberg)
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout. (Source: Bloomberg)