Roku posted roughly $867.1 million in revenue in the fourth quarter of 2022, flat year over year but higher than the company had forecast. Roku reported a roughly $250 million operating loss, compared with a small profit a year earlier, reflecting expenses which mounted through the year. Roku’s report showed that the number of active Roku accounts rose 16% to 70 million, while overall...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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