Apple (AAPL) Announces Deal With Broadcom (AVGO) & Zoom (ZM) Earnings

Apple (AAPL) announces a multi-billion dollar deal with Broadcom (AVGO) for U.S.-made components. Caroline Woods discusses this as Broadcom says they've entered into "2 separate multi-year statements of work" with apple. Broadcom will develop 5G radio frequency components, FBAR filters, and wireless connectivity components. She also talks about Zoom Video (ZM) whose earnings were released yesterday, May 22nd. Its adjusted EPS came in at $1.16 versus an estimated $0.99 and revenue came in at $1.11B versus an estimated $1.08B. Moffett Nathanson notes that that ZM's online business appears to be quite stabilizing, expecting growth next quarter. Tune in to find out more about the stock market today.

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