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,

Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.

Apple is reportedly developing a custom server processor to power its AI services. Codenamed "Project Baltra," the initiative aims to bolster the AI capabilities integrated into

Apple plans to launch in-house Wi-Fi and Bluetooth chips by 2025. Broadcom will still supply Apple with radio frequency filters for modems. The Wi-Fi and Bluetooth chips will enable Apple devices to go online via wireless networks, pair with headphones ...

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.

Broadcom faces significant risks from Apple's potential move to in-house chip production and increased US controls on AI chip exports. Despite a solid Q4 performance, Broadcom's reliance on Apple ...

Broadcom shares rocketed higher Friday, a day after the company’s fiscal fourth-quarter results topped expectations, leading several analysts to raise their price targets.

Broadcom's stock surged due to exceptional 1Q25 results, joining the $1 trillion market valuation club, driven by AI advancements and a strong Apple partnership. Broadcom's consistent profit ...

There aren't any rules about why or how often a company can split its stock. Broadcom wouldn't even be the first company to split its stock multiple times in a short period. Tesla executed two stock splits in the two years between August 2020 and 2022. Each share investors owned before those splits would equate to 15 shares today.

Broadcom received a bullish note and price target upgrade from a Wall Street sell-side analyst today, building upon the blowout 2027 guidance management gave on the company's recent earnings call. On Monday, UBS analyst Timothy Arcuri raised his target on Broadcom from $220 to $270 per share, while maintaining his bullish stance on the name.

While Apple appears to have no plans to revive its former AirPort routers, the networking know-how that powered them may be returning — via a new chip that will add similar functionality to the company's home devices like the HomePod mini.

Apple has long worked on designing its own modems, and now it looks as if the company will also soon be switching to its own WiFi and Bluetooth solution.