Weekly Wrap For The Week Ending May 27th, 2022

Weekly Wrap For The Week Ending May 27th, 2022

almost 2 years ago1 min

Key takeaways from this week:

  • US chipmaker Broadcom agreed to buy cloud-computing company VMware for over $60 billion, one of the largest tech deals in history and advancing Broadcom's goal to become a real force in the software space
  • Pandemic-darling Zoom gave a better-than-expected results report as its new product offerings including analytics tools and customer service contact centers helped bring in more big business customers last quarter
  • Alibaba reported better-than-expected results as lockdowns forced shoppers to turn to the platform for their most basic needs, but with China's economic woes set to last for some time Alibaba's got its sights on expansion abroad to try to offset its sluggish growth

And if you're gonna read one insight this week, make it this one looking at how you might want to buy China's dip.



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