Broadcom: Meta partnership extended until 2029 for the next generation of MTIA AI accelerators!
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Broadcom deepens its long-standing relationships with Google and Meta to provide custom AI accelerators. AI growth is expected to accelerate to 140% in the current quarter. Meta and Broadcom extend the strategic partnership for new MTIA chips until 2029 and plan the industry's first 2-nanometer AI accelerator. The expanded network and software business provides additional growth opportunities. The stock is approaching its all-time high in large strides. Broadcom (AVGO) positions itself as a chip provider as an indispensable backbone of...
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