Broadcom Jumps 9%: Bulls Cheer ‘Baseband’ Progress
Posted on July 25, 2012 at 12:11 PM EDT
Shares of chip maker Broadcom (BRCM) are up $2.92, or 9.5%, at $33.69 after the company last night beat Q2 estimates but offered a Q3 view for revenue slightly below analysts’ estimates. Shares of chip competitors today are also higher today in a generally weak market,, with Nvidia (NVDA) rising 24 cents, or 1.9%, to [...]
