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A business update was the main news powering Alaska Air ( ALK -1.34% ) stock to a double-digit gain over the past few trading days. During the week, the carrier's shares rose by just over 15% in price, according to data compiled by S&P Global Market Intelligence . Accelerating into the future On Tuesday, Alaska unveiled its "Alaska Accelerate" three-year plan to make the airline conglomerate a more important player in the industry. The announcement came not long after the company closed its $1.9 billion acquisition of Hawaiian Airlines in mid-September. Alaska said the anticipated $500 million in cost synergies from the deal will help it deliver profit margins of 11% to 13%, with per-share earnings climbing to $10 by 2027. Among other business-boosting measures, it will launch a new international gateway from its current primary hub, Seattle-Tacoma International Airport (Sea-Tac). Flights from Sea-Tac are to include nonstop routes to Tokyo and Seoul. The company also said it will roll out a premium credit card "with industry-leading benefits." Two pundits weigh in positively Several professional Alaska-watchers became more bullish on the airline's stock in the wake of the announcement. TD Cowen's Tom Fitzgerald raised his price target to $78 per share from his previous $68, maintaining his buy recommendation as he did so. According to reports, Fitzgerald is so optimistic about Alaska's future that he made it his company's No. 2 top stock pick. One of his peers also raised his Alaska price target. This was Morgan Stanley analyst Ravi Shanker, who now believes the stock could reach $90 per share; his preceding fair value assessment was $70. Shanker left his overweight (read:buy) recommendation unchanged.Mysterious googly eyes go viral after appearing on public art in Oregonsuper ace 2 。

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Broadcom Inc AVGO stock surged Friday after it reported better-than-expected fourth-quarter adjusted EPS results and raised its quarterly common stock dividend. The company reported a topline of $14.05 billion, up from $9.3 billion, compared to the analyst estimate of $14.57 billion. EPS of $1.42 missed the analyst consensus of $1.46. Also Read: T-Mobile’s Premium Valuation Prompts Downgrade As Growth Projections Decelerate: Analyst Broadcom expects first-quarter revenue of ~$14.60 billion, almost in line with the $14.61 billion consensus estimate. Multiple Wall Street analysts rerated the stock after the print: Rosenblatt analyst Hans Mosesmann maintained Broadcom with a Buy and raised the price target from $240 to $250 . B of A Securities analyst Vivek Arya reiterated Broadcom with a Buy and raised the price target from $215 to $250. JP Morgan analyst Harlan Sur maintained Broadcom with an Overweight and raised the price target from $210 to $250. Rosenblatt: Broadcom came in with a slight beat on continued AI and networking momentum and some VMWare first-quarter pushouts. Non-AI dynamics continue to demonstrate modest cyclical recovery. The Street will pivot on management’s disclosure of the line-of-sight AI serviceable available market (SAM) at its current custom ASIC (XPU) 3 hyperscaler customers of $60 billion—$90 billion by 2027, up from the $15 billion—$20 billion level in 2024. Interestingly, Broadcom has two new potential engagements that could eventually match the size of the current three. The AI 3-year outlook supports the ~60% CAGR of Advanced Micro Devices, Inc.’s AMD TAM of $500 billion for the 2027 and 2028 timeframes. Management implied strong prospects for maintaining AI custom ASIC leadership and share gains over Nvidia Corp NVDA GPUs. Broadcom already has working custom ASIC 3nm silicon that will ship this Spring, well ahead of anybody in the market. While custom ASIC sister Marvell Technology, Inc MRVL is also in the 3nm race, it is roughly a year behind Broadcom. Mosesmann’s fiscal 2025 revenue and adjusted EPS estimates remain unchanged. B of A Securities: The rerating reflects Broadcom’s expanding custom-chip (ASIC) AI, surging AI opportunity, and potential to maintain a position at large wireless customer Apple. Near-term results were inline, though the pushout of some software deals from the fourth to the first quarter helped Broadcom guide the first quarter inline versus concerns of missing due to seasonal headwinds, the analyst said. Arya projected fiscal 2025 revenue of $61.1 billion (prior $59.3 billion) and EPS of $6.27 (prior $6.00). He expects fiscal 2026 revenue of $70.2 billion (prior $68.5 billion) and EPS of $7.50 (prior $7.31). His forecast implies a growth trajectory of about 15% sales and 20% EPS over the next three years across a diversified silicon and infrastructure software base. Based on Broadcom’s leading capabilities and IP in leading-edge logic, networking, memory, and interface design, Arya projected its AI sales to grow from $12 billion in the current year to about $30 billion by calendar 2027. However, Arya noted an upside to a 30% EPS CAGR towards $11-$12/share by calendar 2027, assuming AI sales get to $53 billion instead, based on Broadcom maintaining its current 70% share of a larger $75 billion SAM. There could be further upside since, per Broadcom, the stated range is only for its current three customer’s “line-of-sight” intention to each build 1 million unit custom accelerator (XPU) clusters requiring an 80% and 20% mix of compute and networking. JP Morgan: Broadcom delivered solid fourth-quarter quarterly results on continued strong sequential growth in its AI semiconductor segment, which offset lower software revenues. For the first quarter, Broadcom guided revenues in line with consensus expectations and better than market expectations on sustained strong AI demand and software revenue acceleration. The fiscal 2024 AI revenues were $12.2 billion, up 3 times year-on-year. Sur expects them to grow to $17 billion-$18 billion (+40% Y/Y) in fiscal 2025, given continued strong cloud and hyperscaler capex spending trends with a focus on AI infrastructure build-out and second-half ramp of Alphabet Inc GOOG GOOGL Google’s next-gen TPU v6 3nm AI accelerator ASIC. More importantly, Broadcom expects the AI SAM opportunity for its three existing cloud/hyperscalers to accelerate, driven by continued substantial investments in multi-generational XPU road maps and larger cluster sizes. Even applying a more conservative market share assumption, Sur noted that Broadcom’s AI business is growing at a 40%- 50%+ revenue CAGR over the next several years. In the near term, despite a product handoff from the TPU v6 inference chip at 5nm to the TPU v6 training chip at 3nm, Broadcom is still guiding for sequential growth in its AI revenues for the first quarter. The TPU v6 3nm training chip will likely move into a high volume ramp in the second half of next fiscal year, and this one SKU Sur noted can drive $8 billion+ for Broadcom in fiscal 2025. Given its portfolio breadth, diversification, and product cycles, Broadcom continues to drive a stable revenue growth profile even during macro volatility. Broadcom generated strong free cash flow for the year, which resulted in an 11% dividend increase. Sur projected fiscal 2025 revenue of $62.7 billion and EPS of $6.50. Price Action: AVGO stock is up 19.7% at $216.20 at last check Friday. Also Read: Google Has The Ability To Scale AI By Leveraging Its Global User Base: Analyst Photo by Rokas Tenys via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.By DAVID BAUDER Time magazine gave Donald Trump something it has never done for a Person of the Year designee: a lengthy fact-check of claims he made in an accompanying interview. Related Articles National Politics | Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’ National Politics | Ruling by a conservative Supreme Court could help blue states resist Trump policies National Politics | A nonprofit leader, a social worker: Here are the stories of the people on Biden’s clemency list National Politics | Nancy Pelosi hospitalized after she ‘sustained an injury’ on official trip to Luxembourg National Politics | Veteran Daniel Penny, acquitted in NYC subway chokehold, will join Trump’s suite at football game The fact-check accompanies a transcript of what the president-elect told the newsmagazine’s journalists. Described as a “12 minute read,” it calls into question 15 separate statements that Trump made. It was the second time Trump earned the Time accolade; he also won in 2016, the first year he was elected president. Time editors said it wasn’t a particularly hard choice over other finalists Kamala Harris, Elon Musk, Benjamin Netanyahu and Kate Middleton. Time said Friday that no other Person of the Year has been fact-checked in the near-century that the magazine has annually written about the figure that has had the greatest impact on the news. But it has done the same for past interviews with the likes of Joe Biden, Netanyahu and Trump. Such corrections have been a sticking point for Trump and his team in the past, most notably when ABC News did it during his only debate with Democrat Kamala Harris this fall. There was no immediate response to a request for comment on Friday. In the piece, Time called into question statements Trump made about border security, autism and the size of a crowd at one of his rallies. When the president-elect talked about the “massive” mandate he had received from voters, Time pointed out that former President Barack Obama won more electoral votes the two times he had run for president. The magazine also questioned Trump’s claim that he would do interviews with anyone who asked during the campaign, if he had the time. The candidate rejected a request to speak to CBS’ “60 Minutes,” the magazine said. “In the final months of his campaign, Trump prioritized interviews with podcasts over mainstream media,” reporters Simmone Shah and Leslie Dickstein wrote. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social.