The "Squawk on the Street" crew talks about Broadcom's plan to buy software company CA Technologies Inc.
Robert Lutts of Cabot Wealth Management says Broadcom is in "the ninth inning" of their game as compared to NVIDIA which is at the forefront of the nascent artificial intelligence space.
CNBC's Meg Tirrell discusses a report that Broadcom is close to acquiring CA Technologies in a deal that could be announced later today.
The CNBC IQ100 index up twenty percent for one year. It tracks big cap companies that get most of their revenue from their own intellectual property. Today's leaders include CA Inc, Nabors Industries, Clorox, Edwards Lifesciences and Pfizer. For more go to CNBC.com/IQ100
CNBC's Seema Mody reports that BMC Software is ending merger discussions with CA Inc.
The CNBC iQ100 tracks big cap companies that get most of their revenue from their own intellectual property. Some of today's leaders include CA Inc, A.M.D., Western Digital, Micron and Broadcom. For more on the index go to CNBC.com/iq100.