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Business
from24/7 Wall St.
4 days ago

Piper Sandler Hikes Cloudflare Price Target to $250 Despite 15% After-Hours Drop: Buy the Dip?

Cloudflare price target was raised to $250 with an Overweight rating despite a post-earnings 24% drop, framed as profit-taking rather than thesis break.
Venture
fromTechzine Global
2 months ago

SUSE may be sold again

EQT explores selling SUSE, a Linux software company, potentially valued at $6 billion, roughly double its €2.72 billion valuation from 2023.
from24/7 Wall St.
8 months ago

Is Broadcom the No. 1 AI Stock to Buy Now?

The AI chipmaker reported record revenue of $16 billion, a 22% year-over-year increase, driven by a 63% surge in AI semiconductor revenue to $5.2 billion. Its infrastructure software segment, bolstered by the 2023 VMware acquisition, grew 43% to $6.79 billion. Broadcom's adjusted EBITDA hit $10.7 billion, up 30% from last year, reflecting robust profitability. The company also raised its Q4 revenue guidance to $17.4 billion, surpassing Wall Street's $17.02 billion estimate, with AI revenue expected to reach $6.2 billion.
Artificial intelligence
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