Broadcom on Thursday announced that its Symantec Cloud Secure Web Gateway solution received Federal Risk and Authorization Management Program (FedRAMP) authorization. The company said the solution enables U.S. federal agencies to migrate security services from on-premises data centers to cloud-native services cost-effectively without sacrificing security or designing new workflows.
Steve Cohen's Point72 Asset Management is set to launch a new hedge fund with a focus on artificial intelligence, aiming to raise approximately $1 billion.
Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower.
Broadcom Inc. (NASDAQ: AVGO) shares are trading higher Monday afternoon. The significant rise follows the company's impressive second-quarter financial results, robust revenue guidance and the announcement of a 10-for-1 forward stock split.