Broadcom’s shares fell 11% on December 12, their biggest single-day drop since January, after the company’s AI sales outlook fell short of investor expectations (Dina Bass/Bloomberg)

Dina Bass / Bloomberg:
Broadcom’s shares fell 11% on December 12, their biggest single-day drop since January, after the company’s AI sales outlook fell short of investor expectations  —  Broadcom Inc., a chip company vying with Nvidi…

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Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business (Mark Haranas/CRN)

Mark Haranas / CRN:
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business  —  Tata Consultancy Services is buying U.S.-based Sa…

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Cisco’s stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD (Robin Wigglesworth/Financial Times)

Robin Wigglesworth / Financial Times:
Cisco’s stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD  —  🥳🥳🥳&#12…

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