Qorvo IncQRVO
▲ PositiveCapitalrelevance
Qorvo agreed to be acquired by Skyworks in a cash and stock deal, a valuation/M&A event for the company.
Impact on stocks 2
Semiconductors▲ · 2 stocks
Qorvo Inc
Skyworks Solutions IncSWKS
± MixedCapitalrelevance
Skyworks is the acquirer in the agreed cash and stock deal for Qorvo, but the article gives no terms or standalone impact on Skyworks.
Theme Impact 1
Off-coverage companies
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Micron and Intel CEOs Warn Memory Chip Shortages Could Last Through 2027
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Cramer Says Broadcom Has More Orders Than Almost Anyone But NVIDIA
Jim Cramer said Broadcom CEO Hock Tan told him demand for AI compute infrastructure remains extremely strong and durable, with the custom chip designer holding more orders than almost anybody other than Jensen Huang. Cramer's remarks on CNBC center on whether Broadcom can keep capturing custom AI chip orders, and the third quarter earnings released on September 2nd support the growth narrative, with revenue up 86%, AI semiconductor revenue up 221%, and fiscal year 2026 guidance implying 186% annual AI revenue growth. Tan reaffirmed that Broadcom could pull in $115 billion in annual AI chip sales in 2027 and $230 billion in 2028. Still, the fiscal fourth quarter guide left investors wanting more, with $34.8 billion in revenue missing analyst estimates of $35.03 billion and gross margin guided at 73%, a five point annual drop due to a higher mix of XPU sales. Estimates suggest 71% of Broadcom's fiscal 2027 and 2028 XPU deployment could rely on OpenAI and Anthropic, meaning a huge portion of orders might come from firms now calling for a slowdown in AI development. In Q2, 170 out of the 1,006 funds tracked by Insider Monkey held a stake in Broadcom, a slight drop from 163 out of 1,022 funds in Q1, with notable exits including Third Point and Two Sigma Advisors, and the stock trades at a forward P/E ratio of 18 versus NVIDIA's 23.42.
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S&P 500 Q3 Earnings Expected to Rise 24%, Eighth Straight Double-Digit Quarter
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