Broadcom on the Upswing – Morgan Stanley Sees Turning Point in Custom Chip Development

  Investors bet on custom chip designs Broadcom's stock rose by over 2.5% on Monday. The trigger was a fresh analyst assessment from Morgan Stanley, which anticipates a turning point in the growth of custom chip development (ASICs). Analyst Joseph Moore particularly highlights the increasing significance of Broadcom's custom silicon solutions for technology giants like Google. While the expected revenue increase in the current quarter remains limited, the medium-term prospects appear promising. The market is increasingly...