What's Going On With Vmware Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
The US's embargo on advanced artificial intelligence technology to China could potentially disrupt the $69 billion deal between Broadcom Inc (AVGO) and Vmware, Inc (VMW). China's State Administration of Market Regulation has not yet approved the deal, and the recent US sanctions on AI chips could further delay the process. The sanctions will affect Nvidia Corp's (NVDA) A800 and H800 chips. Broadcom has stated there are no legal impediments to the deal in the US, and expects the transaction to close this fiscal year. VMW shares traded lower by 9.25% and AVGO shares traded lower by 1.74% in the premarket.
October 19, 2023 | 3:20 pm
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NEGATIVE IMPACT
Broadcom's deal with Vmware could be disrupted by the US's AI tech embargo on China. AVGO shares traded lower by 1.74%.
The potential disruption of the deal due to the US's AI tech embargo on China could negatively impact Broadcom's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nvidia's A800 and H800 chips will be affected by the US's AI tech embargo on China.
The US's AI tech embargo on China could negatively impact Nvidia's business, as it affects their A800 and H800 chips.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Vmware's deal with Broadcom could be disrupted by the US's AI tech embargo on China. VMW shares traded lower by 9.25%.
The potential disruption of the deal due to the US's AI tech embargo on China could negatively impact Vmware's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100