Tech Advances, Recouping Some Losses After Broadcom Earnings - Tech Roundup

Dow Jones

03-08

Shares of technology companies rose, recouping some of their recent losses following strong earnings from one major chip maker.

Broadcom shares soared after the maker of chips for artificial-intelligence applications posted quarterly earnings ahead of Wall Street targets, reflecting 77% growth in AI revenue.

Nvidia and other major chip makers rose in a relief rally. The chip sector recouped some of the losses from Thursday's rout, triggered by a revenue shortfall reported by Broadcom rival Marvell Technologies.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 07, 2025 17:36 ET (22:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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