Latest news with #BroadcomInc.
Mint
7 days ago
- Business
- Mint
Broadcom Chip to Help Power AI by Linking Up Smaller Data Centers
(Bloomberg) -- The age of ever-bigger AI data centers is leaving cloud companies with a question: What do with older, smaller facilities? Broadcom Inc. is offering a possible answer, at least for operations located with some proximity. A new version of its Jericho networking chip announced Monday can transfer larger volumes of data at higher speeds. That means customers can link up several smaller data centers to create one big system for developing or running AI models, said Ram Velaga, senior vice president and general manager of the company's core switching group. The Jericho4 product is capable of connecting more than 1 million processors across multiple data centers and can handle about four times more information than the previous version, Broadcom said. Broadcom has been benefiting from demand for gear that can be used to build out AI systems. Its networking components, such as routers and switches, direct traffic between graphics processing units, or GPUs, the pricey chips used to create AI models. While some of the Broadcom gear is used to move data within parts of the same rack or data center building, there is also a need for components that work across buildings or even greater distances. Moreover, the power consumption of giant GPU clusters is getting too large to keep them all in the same location, Velaga said. 'When they try to do a cluster of 200,000 GPUs or even 100,000 GPUs, you soon hit 300 megawatts, and 300 megawatts is not available inside one physical building today,' Velaga said. The Jericho family of networking chips will help that work, he said. Companies also are trying to move data center capacity nearer to customers, helping speed up the answers users get from AI models. That means cloud and AI businesses will need to make use of data centers located in congested metropolitan areas, where it may be more practical to connect several smaller setups, Velaga said. Broadcom's Tomahawk line can connect racks inside a data center, but those distances are usually under a kilometer (0.6 miles), Velaga said. The Jericho equipment can handle distances of more than 100 kilometers. The Jericho4 will start shipping Monday to early customers such as cloud providers and network gear makers, which will build it into their products, Velaga said. It will take about nine months for it to be fully deployed, he said. More stories like this are available on
Time Business News
14-07-2025
- Business
- Time Business News
Derek Asir IFGICT Fellow Grade: Storage Network Technology
Derek Asir, a distinguished Storage Network Technology expert with nearly two decades of experience, has been granted the prestigious Fellow grade by the International Federation of Global & Green ICT (IFGICT). This recognition highlights his profound impact on data center infrastructure, protocol integration, and AI-driven analytics. Asir's career, spanning leading technology companies like Broadcom Inc., Brocade Communications, HCL Technologies, Infosys Limited, and Mindteck Inc., showcases a remarkable journey from foundational engineer to a pioneering force in the industry. Derek Asir's illustrious career is a testament to his relentless pursuit of innovation and technical excellence. With a robust educational background in B.E. Electronics and Communication from Karunya Institute and an MBA in IT Management from Western Governors University, Asir uniquely blends deep engineering acumen with strategic business leadership. This powerful combination has been instrumental in his ability to manage complex cross-functional teams and drive transformative projects. Throughout his tenure at industry giants, particularly Broadcom Inc., Asir has consistently pushed the boundaries of Fibre Channel SAN technologies. His evolution to Principal R&D Engineer at Broadcom reflects not just technical mastery but also exceptional leadership growth. This dedication to advancing storage networking has garnered him significant industry accolades, including the coveted Titan Innovation Gold Award for Infrastructure Technology and the Noble Gold Awards for Outstanding Achievement in Product Development and Innovation. One of Asir's most significant contributions lies in his leadership of the SANnav Management Portal's evolution. Spearheading multiple versions of this critical product, he has introduced innovations that have generated over $30 million in annual revenue. Beyond financial success, Asir's work has led to remarkable performance improvements, drastically reducing service boot-up times and optimizing systems to seamlessly learn 250,000 flows. These achievements underscore his ability to deliver tangible, high-impact solutions that directly benefit major industry partners. What truly sets Derek Asir apart is his unique blend of profound technical expertise and insightful thought leadership. His commitment to advancing industry standards is evident in his published scholarly articles featured in international journals, which delve into cutting-edge topics such as AI-powered SAN automation and quantum-secure data centers. These contributions showcase his forward-thinking approach and dedication to shaping the future of data management. Furthermore, Asir's innovative spirit is solidified by his intellectual property contributions, including a patent application for 'Zoning Configuration and Model for an Internet Protocol Storage Fabric.' This highlights his practical application of advanced concepts to solve complex infrastructure challenges. His recognition as a judge for the prestigious Globee® Awards in Artificial Intelligence and Technology further cements his standing as a recognized authority in the field. Asir's profile is further enriched by his comprehensive certifications, which span project management (PMP), agile methodologies (CSM, CSPO), and specialized SAN technologies. Coupled with active memberships in ISACA and fellowships in IETE and Raptors, these demonstrate his unwavering dedication to continuous learning and active industry contribution. This unique blend of innovation, leadership, and widespread recognition firmly positions him as a transformative force in enterprise infrastructure technology. Derek Asir's career trajectory at Broadcom, spanning nearly two decades, showcases a continuous evolution through increasingly complex challenges in storage networking. His journey began as a Lead Engineer at HCL Technologies, where he established foundational QA processes and mentored teams. Subsequent roles at Infosys and as a Technical Lead deepened his expertise in SAN environments and cross-functional leadership, preparing him for the significant impact he would make at Broadcom. Currently, as Principal R&D Engineer, Asir is at the forefront of tackling sophisticated backend dependency challenges within the SANnav Management Portal. His work requires strategic prioritization of core SAN use cases, demonstrating his shift from hands-on testing to architectural leadership. His current learning goals reflect the industry's rapid advancements, focusing on Gen AI-assisted development, integrating iSNS protocols for unified FC/IP networks, and mastering containerization with Docker and Kafka. This forward-looking approach positions him uniquely to shape Storage Network Technology with a strong emphasis on Data Center Infrastructure, Protocol Integration, and AI-driven Analytics. His journey from traditional Fibre Channel testing to AI-driven SAN optimization truly embodies the industry's evolution toward autonomous storage management systems. Dr Kayyali Mohamed the president of IFGICT mentioned ' The granting of the IFGICT fellowship marks a pivotal moment for Derek Asir, significantly amplifying his ability to contribute to storage network technology and data center infrastructure' . With his nearly two decades of expertise in Fibre Channel SAN management and a proven track record leading products like SANnav Management Portal, Asir is poised to leverage this fellowship to advance AI-driven analytics in storage networking protocols even further. His plans include developing innovative solutions that seamlessly integrate emerging technologies like machine learning with traditional SAN management. This will lead to the creation of autonomous storage systems capable of predicting and preventing failures before they impact business operations. This groundbreaking research will not only benefit his institution by establishing new industry partnerships and securing additional research funding but will also have a transformative broader impact on the entire field. Asir's work is set to contribute to next-generation data center architectures that are more efficient, secure, and intelligent. The IFGICT fellowship will undoubtedly solidify his position as a thought leader, enabling him to mentor future engineers and drive standardization efforts across the storage networking industry. Throughout his distinguished career at Broadcom, Derek Asir has spearheaded transformative projects, including the SANnav Management Portal and Brocade Network Advisor. These initiatives have led to significant improvements in system performance, security, and user experience across enterprise data centers globally. His extensive experience in Fibre Channel SAN management, protocol integration, and AI-driven analytics perfectly aligns with IFGICT's research initiatives. Asir brings a wealth of deep technical knowledge in virtualization, I/O analytics, and emerging technologies like Gen AI-assisted tools, having successfully delivered solutions that increased subscription licenses by 12% and generated an impressive $30 million annually. As a certified PMP and Scrum professional with active memberships in FCIA, SNIA, and INCITS Technical Committees, Derek Asir is deeply committed to knowledge sharing and industry advancement. His pioneering patent work in storage fabric technologies and his proven ability to lead cross-functional teams will enable him to effectively mentor emerging professionals and drive collaborative research projects. These projects will undoubtedly address the most critical challenges facing modern data center infrastructure and storage networking technologies, solidifying Derek Asir's role as a true leader and innovator in the field. TIME BUSINESS NEWS
Epoch Times
06-06-2025
- Business
- Epoch Times
Broadcom Shares Fall Despite Better-Than-Expected Earnings
Broadcom Inc., whose shares are trading just below a new all-time high, narrowly beat Wall Street expectations on June 5 after the Silicon Valley chipmaker and AI infrastructure giant reported its fiscal second-quarter earnings following the market's close in New York. For the period ended May 4, the Palo Alto, California-based company
Yahoo
04-06-2025
- Business
- Yahoo
Broadcom Inc. (AVGO) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of Broadcom Inc. (AVGO)? Shares have been on the move with the stock up 28.4% over the past month. The stock hit a new 52-week high of $257.88 in the previous session. Broadcom Inc. has gained 10.8% since the start of the year compared to the -0.3% move for the Zacks Computer and Technology sector and the 4% return for the Zacks Electronics - Semiconductors industry. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on March 6, 2025, Broadcom Inc. reported EPS of $1.6 versus consensus estimate of $1.5 while it beat the consensus revenue estimate by 2.03%. For the current fiscal year, Broadcom Inc. is expected to post earnings of $6.63 per share on $62.49 billion in revenues. This represents a 36.14% change in EPS on a 21.18% change in revenues. For the next fiscal year, the company is expected to earn $7.88 per share on $72.82 billion in revenues. This represents a year-over-year change of 18.8% and 16.53%, respectively. Broadcom Inc. may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. Broadcom Inc. has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B. In terms of its value breakdown, the stock currently trades at 38.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 23.8X. On a trailing cash flow basis, the stock currently trades at 42.9X versus its peer group's average of 16.9X. Additionally, the stock has a PEG ratio of 2.03. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Broadcom Inc. currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Broadcom Inc. fits the bill. Thus, it seems as though Broadcom Inc. shares could still be poised for more gains ahead. Shares of AVGO have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Nova Ltd. (NVMI). NVMI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of C. Earnings were strong last quarter. Nova Ltd. beat our consensus estimate by 4.81%, and for the current fiscal year, NVMI is expected to post earnings of $8.47 per share on revenue of $863.7 million. Shares of Nova Ltd. have gained 8.2% over the past month, and currently trade at a forward P/E of 24.77X and a P/CF of 29.99X. The Electronics - Semiconductors industry is in the top 33% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AVGO and NVMI, even beyond their own solid fundamental situation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Nova Ltd. (NVMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
29-05-2025
- Business
- Yahoo
Broadcom Inc. (AVGO) Gains As Market Dips: What You Should Know
The most recent trading session ended with Broadcom Inc. (AVGO) standing at $239.43, reflecting a +1.6% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.56% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq decreased by 0.51%. Coming into today, shares of the chipmaker had gained 23.27% in the past month. In that same time, the Computer and Technology sector gained 11.21%, while the S&P 500 gained 7.37%. Investors will be eagerly watching for the performance of Broadcom Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on June 5, 2025. The company is predicted to post an EPS of $1.57, indicating a 42.73% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $14.92 billion, up 19.5% from the year-ago period. AVGO's full-year Zacks Consensus Estimates are calling for earnings of $6.62 per share and revenue of $62.39 billion. These results would represent year-over-year changes of +35.93% and +20.97%, respectively. It is also important to note the recent changes to analyst estimates for Broadcom Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Broadcom Inc. is currently a Zacks Rank #3 (Hold). Digging into valuation, Broadcom Inc. currently has a Forward P/E ratio of 35.6. For comparison, its industry has an average Forward P/E of 23.29, which means Broadcom Inc. is trading at a premium to the group. Investors should also note that AVGO has a PEG ratio of 1.87 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.61 as of yesterday's close. The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 36% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
