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Broadcom Inc. (AVGO)
- Yahoo Finance Video
Cisco-Splunk deal, Google denies reports of dropping Broadcom: Top Stocks
Tech developer Cisco (CSCO) is set to acquire cybersecurity firm Splunk (SPLK) for $28 billion, which Cisco CFO Scott Herren calls "such a powerful transaction for us" on the data front. Google parent company Alphabet (GOOG, GOOGL) denies speculations of a shaky relationship with chip maker Broadcom (AVGO) after a Reuters report claimed the tech giant was considering dropping the company as its primary AI chip supplier by 2027. Yahoo Finance Live's Josh Lipton and Akiko Fujita take a look at several trending stocks ahead of Thursday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Motley Fool
1 Chip Stock Trying to Mount a Massive Comeback: Is It Time to Buy Now?
One smaller manufacturer that underperformed in recent years is Qorvo (NASDAQ: QRVO). Qorvo is the result of a 2015 "merger of equals" between RF Micro Devices and TriQuint Semiconductor. The deal created what was hoped would be a new powerhouse in manufacturing of radio frequency (mobile connectivity) chips and related analog chips.
