Broadcom shares soar 16% as earnings top estimates on demand for custom AI chips

• Broadcom shares surge on strong revenue and AI outlook

  Chip designer delivers upbeat results amid broad decline in tech shares
  
  Financial Times - 2h

• Broadcom’s stock pops as upbeat earnings outlook soothes AI investors

  It’s been a tough stretch for AI stocks, but Broadcom’s guidance brought the sort of upside investors wanted to see.
  
  MarketWatch - 1h

• Intuit shares jump after results top estimates amid key tax season

  Tax-preparation software provider Intuit on Tuesday reported quarterly results that topped Wall Street’s estimates, while forecasting third-quarter sales that were also above expectations.
  
  MarketWatch - Feb. 26

• Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers

  Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.
  
  CNBC - Feb. 21
• 

  UCLA, Texas, USC, Notre Dame earn No. 1 seeds in second NCAA women’s hoops top-16 reveal

  With Selection Sunday less than three weeks away, the NCAA selection committee released the top 16 seeds for the second time this winter. Yet again, UCLA remained as the top overall seed. USC, ...
  
  Yahoo Sports - Feb. 28

• Earnings estimates are flatlining. This strategist says stop buying stocks.

  Truist Advisory Services cut its view on equities to neutral, saying the risk/reward backdrop is looking more mixed.
  
  MarketWatch - Feb. 25

• Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak

  Home Depot narrowly beat fourth-quarter earnings estimates, but it gave lackluster sales guidance as high interest rates and home prices pose challenges.
  
  CNBC - Feb. 25
• 

  SoftBank Considers Borrowing $16 Billion to Fund AI

  This would be on top of the $15 billion SoftBank has already committed to Stargate.
  
  Inc. - 3d
• 

  Meta’s New Business AI Will Help You Sell Stuff to Customers

  The program from Meta is designed to pursue sales according to your own playbook, even letting would-be buyers know about discounts or sales.
  
  Inc. - 2d

More from CNBC

• Trump says he's not even looking at stock market, tariffs will make U.S. 'very strong'

  Tariff decisions have 'nothing to do' with the stock market, President Donald Trump said Thursday.
  
  CNBC - 4h

• FAA briefly halts flights to several Florida airports after SpaceX rocket testing failure

  It's the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in debris raining down.
  
  CNBC - 31m

• Trump signs executive order establishing U.S. strategic bitcoin reserve

  President Trump is launching a strategic bitcoin reserve as part of a new executive order.
  
  CNBC - 1h

• HPE to cut 2,500 employees as stock slides 19% on weak earnings outlook

  Management said execution wasn't perfect across the board in the January quarter.
  
  CNBC - 2h

• Trump blames ‘globalists’ for stock market sell-off

  President Donald Trump also reiterated that his tariffs could, at least briefly, cause "disruption" in the equity markets.
  
  CNBC - 2h

More in Business

• FAA briefly halts flights to several Florida airports after SpaceX rocket testing failure

  It's the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in debris raining down.
  
  CNBC - 31m
• 

  Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance

  The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.
  
  The New York Times - 38m

• HPE’s stock is sliding after earnings — these factors are affecting its outlook

  The server and software company said it will begin a cost-cutting program that will reduce its overall headcount by about 5%, or about 2,500 job cuts, over the next 12 to 18 months.
  
  MarketWatch - 41m

• Gap’s holiday quarter was a big win. Here’s what’s working for the retailer.

  Gap’s holiday-quarter profit is head and shoulders above Wall Street expectations and retailer speaks of a “reinvigoration” of its brands.
  
  MarketWatch - 42m
• 

  Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month

  Many imports from Canada and Mexico will be exempt from tariffs, as the president quickly reversed a sweeping trade action taken just two days ago after market turmoil.
  
  The New York Times - 44m