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Fly News Breaks for May 18, 2017
GOOGL, GOOG, AVGO
May 18, 2017 | 07:45 EDT
JPMorgan analyst Harlan Sur believes Google's (GOOG, GOOGL) second generation deep learning/artificial intelligence processor chip introduced yesterday, the Cloud Tensor Processor Unit, is co-designed by Broadcom (AVGO). Broadcom, which also co-designed the first generation chip, will be responsible for manufacturing/test/packaging and selling/shipping the processors directly to Google's data centers, Sur tells investors in a research note following Google's developer conference. The analyst continues to expect that Broadcom's custom silicon business will approach $2B in revenues over the next few years, growing 10%-12% annually. Sur has an Overweight rating on the shares with a $260 price target.
News For AVGO;GOOG;GOOGL From the Last 2 Days
GOOGL
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
GOOGL, GOOG
Mar 26, 2024 | 13:46 EDT
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here