Broadcom is rumored to have an ongoing partnership with Apple to help it build its own AI chip TikTok parent company, ByteDance, OpenAI also reportedly in the picture The move comes as hyperscalers look to reduce their dependency on AI chips from Nvidia Nvidia has ridden the generative AI boom to record-breaking revenues and profits over the past two years,

Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.

These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion

Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts, citing their potential to gain from booming demand for artificial intelligence.

Semiconductor stocks Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application ...

Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the way.

Discover how Broadcom's booming AI business and partnerships like with Apple are driving its stock surge, but is the near-term upside limited?

The AI economy is minting new royalty in American business—and Nvidia is not the only one wearing a crown. Fellow chipmaker Broadcom has also become one of Wall Street’s hottest stocks, and shares soared nearly 20% Friday after CEO Hock Tan told ...

FY2024 earnings report shows strong revenue growth, driven by custom AI chip demand, pushing its market cap past $1 trillion. Read more here.

Broadcom reported fiscal fourth-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday.

We recently compiled a list of the 10 AI News You Can’t Miss. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other AI stocks you can’t miss. According to a Department of Energy-backed study,