VMW

Vmware, Inc.

114.06
USD
0.07%
114.06
USD
0.07%
91.53 167.83
52 weeks
52 weeks

Mkt Cap 47.76B

Shares Out 418.75M

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Why VMware Stock Is Soaring Today

What happened Shares of VMware (NYSE: VMW) were skyrocketing this morning after The Wall Street Journal published a report saying that the semiconductor company Broadcom (NASDAQ: AVGO) is in "advanced talks" to buy the hybrid cloud computing company. VMware's stock was up by 19.4% as of 1:41 p.m. ET. Meanwhile, Broadcom's stock was down 4.3% on the news. So what The Wall Street Journal said that the acquisition would be a cash-and-stock deal that could be announced soon between the two companies, although no specific amount was mentioned in the report. Broadcom's potential purchase of VMware comes after Dell Technologies spun off its stake in VMware back in November. Buying VMware would expand Broadcom's footprint in the hybrid cloud computing market. Before today, VMware's share price was down about 40% over the past year. But today's gains have erased some of those losses. It's worth mentioning that making acquisition deals in this current macroeconomic environment would be more of the exception than the rule. With inflation still very high, investors -- and some companies -- are growing increasingly concerned about the potential for an economic slowdown in the U.S. Still, Broadcom may be eager to find a company to purchase after last year's bid to purchase the software company SAS Institute didn't work out. Now what Technology deals often get a lot of attention from investors, and this potential acquisition is no exception. VMware investors may be especially eager to see a deal considering that the stock market -- and tech stocks in particular -- have performed terribly over the past year. Investors will get a better picture of how VMware is doing when the company reports its latest financial results on Thursday. Broadcom reports next week. Nothing is set in stone yet, but investors from both companies will want to keep a close eye on any news surrounding this potential deal. 10 stocks we like better than VMware When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and VMware wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of April 27, 2022 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Dell Technologies Inc. The Motley Fool recommends Broadcom Ltd and VMware. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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