Why Broadcom And Vmware Stocks Are Moving Today
Portfolio Pulse from Ryan Gustafson
Broadcom Inc. (NASDAQ:AVGO) and Vmware, Inc. (NYSE:VMW) shares are trading higher following a report that China's State Administration for Market Regulation is expected to grant Broadcom conditional antitrust approval for its acquisition of Vmware. CNBC's Jim Cramer suggests that Broadcom shares will gain considerably pending the $60 billion transaction.
October 12, 2023 | 7:01 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom's shares are expected to gain considerably pending the $60 billion acquisition of Vmware.
The news of the expected antitrust approval for Broadcom's acquisition of Vmware by China's State Administration for Market Regulation is likely to have a positive impact on Broadcom's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vmware's shares are trading higher following the report of Broadcom's expected antitrust approval for its acquisition.
The news of the expected antitrust approval for Broadcom's acquisition of Vmware by China's State Administration for Market Regulation is likely to have a positive impact on Vmware's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100