Broadcom Stock Surges 11% On $10B AI Chip Order As Analyst Projects ‘$40B In AI Revenue’ For Next Year

Broadcom’s stock jumped 11% Friday after the chipmaker announced a $10 billion order from a new customer for its custom AI chips. While Broadcom didn’t name the buyer, multiple analysts and media reports point to OpenAI as the fourth major customer for Broadcom’s custom AI processors, known as XPUs.  “One of these prospects released production … Continue reading Broadcom Stock Surges 11% On $10B AI Chip Order As Analyst Projects ‘$40B In AI Revenue’ For Next Year