12 articles tagged
Broadcom's stock plunged 11.4%, wiping out $220 billion in value and sparking a tech sell-off over concerns that high-cost AI chip orders are squeezing profits.
Alphabet's stock surged 6.3% on Monday, sparking a major rally in the AI sector and pushing the Nasdaq Composite to its best day in six months.
Chipmaker Broadcom's stock surged over 11% as its role in designing and manufacturing Google's custom AI chips, known as TPUs, gains major attention.
CNBC's Jim Cramer is encouraging "wise speculation" in the stock market, identifying Apple, Nvidia, Broadcom, and Dell as his top AI-related picks for investors.
As stock indexes hit new records, five companies including Tesla, Broadcom, and Snowflake are approaching key buy points amid earnings season volatility.
OpenAI's new chip agreements with AMD and Broadcom are boosting their stock prices and signaling a more competitive AI hardware market beyond Nvidia's dominance.
Broadcom's CEO, Hock Tan, projects that AI could expand the global economy by $10 trillion annually, as the company announces a major hardware partnership with OpenAI.
Broadcom has confirmed that OpenAI is not the mystery customer behind a $10 billion AI chip order, despite announcing a new, separate hardware partnership.
OpenAI has reportedly secured over $200 billion in chip supply and investment deals with Nvidia, AMD, and Broadcom, cementing its central role in the AI industry.
The stock market is witnessing a shift as the growth of the 'Magnificent Seven' slows, making way for new AI leaders like Broadcom and Oracle to emerge.
Broadcom's growth is accelerating due to a $10 billion AI chip deal with OpenAI and increased infrastructure spending from major technology companies.
Broadcom, a $1.6 trillion technology firm, is seeing its AI revenue grow 63% year-over-year, driven by its strategy of creating custom AI accelerator chips.
