VanEck Fabless Semiconductor ETF

Benzingawww.benzinga.com

Broadcom has enhanced VMware vDefend to boost security, streamline management, and improve scalability for VMware Cloud Foundation users. The updates aim to strengthen security planning, streamline lifecycle management, and enhance scalability across application environments.

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SMHX

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Broadcom has launched VeloSky, a unified networking solution that integrates fiber, cellular, and satellite connectivity to enhance the adoption of 5G and satellite services for Communications Service Providers.

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Synopsys reported strong Q1 earnings, with EPS beating estimates, but revenue missing expectations. The company sees continued strong demand for its chip design solutions, driven by the growth in AI. Synopsys also provided a positive outlook for FY25.

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WUGI

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Broadcom and T-Systems, a Deutsche Telekom subsidiary, have expanded their partnership to accelerate customers' infrastructure modernization, AI adoption, and cyber resilience, while also supporting their needs with sovereign cloud services.

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SMHX

SEMI

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Semiconductor stocks and ETFs rallied despite a drop in Nvidia's shares, as traders maintained confidence in the broader market. Competitors of the AI giant experienced a marked rally, defying the usual trend of closely following Nvidia's performance.

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