Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom's stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.1...
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom's stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.18 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 29%. Adjusted earnings per share (EPS) increased 28% to $2.05, also outpacing expectations of $2.03, LSEG data showed. Adjusted EBITDA grew 30% to a record $13.13 billion in the quarter, beating the FactSet consensus of $12.76 billion. A measure of operating profitability, EBTIDA is short for earnings before interest, taxes, depreciation, and amortization. AVGO 1Y mountain Broadcom's stock over the past 12 months. Bottom line We may be just scratching the surface of what's to come for Broadcom. Yes, the custom AI chip designer has already seen incredible growth during this artificial intelligence boom. However, Wednesday's earnings report and conference call make it clear there's plenty more on the way as the most important AI companies in the world look to Broadcom for help making specialized chips to further their ambitions. This report should hopefully tamp down at least some of the negativity around Broadcom's chip business — specifically, that some of its customers like Google might look to bring more of the silicon design process in-house, relying less on Broadcom's intellectual property and more on what's called "customer-owned tooling," or COT. That concern has been one of the reasons why Broadcom's stock has struggled to gain traction this year. CEO Hock Tan said on the call that Broadcom will not see competition in customer-owned tooling "for many years to come." His rationale: We're still in the land-grab stage of the AI computing race, and customers who want s...
Key Points According to prediction market traders, Bitcoin will likely end the year in a price range between $55,000 and $75,000. If Bitcoin has further to fall, then investing in prediction market event contracts could be one way to profit. Investing in Bitcoin-related stocks could be another way to profit from growth in the Bitcoin blockchain ecosystem. 10 stocks we like better than Bitcoin › Af...
Key Points According to prediction market traders, Bitcoin will likely end the year in a price range between $55,000 and $75,000. If Bitcoin has further to fall, then investing in prediction market event contracts could be one way to profit. Investing in Bitcoin-related stocks could be another way to profit from growth in the Bitcoin blockchain ecosystem. 10 stocks we like better than Bitcoin › After taking a quick look at the Polymarket odds for Bitcoin (CRYPTO: BTC), you'll probably be tempted to look elsewhere for upside in 2026. A clear majority of Polymarket traders think that Bitcoin will be rangebound between $55,000 and $75,000 for the rest of the year. But that doesn't mean you can't still make money on Bitcoin this year. Here are a few ideas for turning a profit in a down year for Bitcoin. 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 » Bet against Bitcoin What's the old saying? "If you can't beat 'em, join 'em." The same goes for Bitcoin. If you absolutely think Bitcoin is done for the year, then why not start predicting that Bitcoin will decline in price over the course of 2026? On Polymarket, traders are giving Bitcoin a 78% chance of hitting $55,000 this year, a 63% chance of hitting $50,000 this year, and a 51% chance of hitting $45,000 this year. You could easily buy event contracts at any one of those price points, and then cash in as soon as Bitcoin falls in price from its current level of $68,000. You can also predict that Bitcoin will go (almost) all the way to zero. Polymarket traders are giving Bitcoin a 4% chance of hitting rock bottom at a price of just $5,000. Just be forewarned: Those are roughly the same odds (5%) that Polymarket traders give Bitcoin to hit a price of $250,000 this year. Which one do you really think is more likely? Bitcoin-related stocks Another strateg...
(RTTNews) - Surge Energy Inc. (SGY.TO) announced Loss for its fourth quarter of -C$7.09 million The company's bottom line totaled -C$7.09 million, or -C$0.07 per share. This compares with -C$2.66 million, or -C$0.03 per share, last year. The company's revenue for the period fell 22.5% to C$126.38 million from C$163.17 million last year. Surge Energy Inc. earnings at a glance (GAAP) : -Earnings: -C...
(RTTNews) - Surge Energy Inc. (SGY.TO) announced Loss for its fourth quarter of -C$7.09 million The company's bottom line totaled -C$7.09 million, or -C$0.07 per share. This compares with -C$2.66 million, or -C$0.03 per share, last year. The company's revenue for the period fell 22.5% to C$126.38 million from C$163.17 million last year. Surge Energy Inc. earnings at a glance (GAAP) : -Earnings: -C$7.09 Mln. vs. -C$2.66 Mln. last year. -EPS: -C$0.07 vs. -C$0.03 last year. -Revenue: C$126.38 Mln vs. C$163.17 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.