Broadcom Emerges as Silent AI Contender with Major OpenAI Partnership

While much of the market’s attention remains fixed on Nvidia, Broadcom has quietly secured a monumental $10 billion agreement to supply custom AI chips, with industry experts pointing to OpenAI as the likely client. This development, coupled with an exceptional quarterly earnings report, has triggered a significant surge in the company’s share price, positioning Broadcom as a potential dark horse in the AI semiconductor race.

Broadcom’s recent financial performance underscores its robust growth trajectory. The company reported third-quarter revenue of $15.95 billion, a figure that not only surpassed analyst expectations but also represented a 22% increase compared to the same period last year. The most explosive growth was witnessed in its semiconductor segment focused on artificial intelligence, which saw revenue skyrocket Read more...