Broadcom Says "That's How it's Done" to Tech Companies

On Wednesday morning, Broadcom

was up on positive guidance according to

. If you would like to be alerted to NVDA and tech updates as they come out in real-time, signup for a

of Benzinga Pro's premium news service. The company raised its outlook for 4Q on stronger demand for chips, with profits up nearly seven percent as a result. According to Reuters, “The chipmaker increased its forecast for net revenue to about $1.8 billion, the high end of its prior range. Analysts on average forecast $1.76 billion, according to Thomson Reuters I/B/E/S. The company also said its expectations for product gross margin had increased to the high end of the prior range, to "roughly flat sequentially" with the previous quarter's approximately 50 percent.” Not all similar tech companies were having things their own way though, with Texas Instruments

expecting lower sales.

said that, “Indeed, just last week we got confirmation of the epidemic, when Texas Instruments warned shareholders to expect significantly lower sales and earnings in the current quarter, in part because of the situation in Thailand.”

has named Analog Devices

the top stock to Buy and Hold, stating that, “ADI's stock price of about $34.50 implies the company's prof­its will per­ma­nently decline by 20%.” Meanwhile, NVIDIA

announced on Tuesday that it will provide source code for, according to

, “The new LLVM-based CUDA compiler, which is enhanced with architecture support for NVIDIA's parallel GPUs.” As a result, Bendan Byrnes at

believes that NVDA has the potential to be THE high flying tech stock of 2012. So BRCM and NVDA are shining lights. Just do not make the mistake of believing that all tech companies are shining quite as bright.