AI Chip Giant Secures $10 Billion Mega Deal and CEO Remains Until 2030!
Broadcom has established itself as an indispensable partner for tech giants wanting to become independent from NVIDIA – this is pure gold rush mentality!
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I continue to see Broadcom as one of the smartest top beneficiaries of the AI boom. While everyone is focusing on NVIDIA, the company has established itself as an essential partner for tech giants looking to develop their own custom AI chips. The new $10 billion order – likely from OpenAI – is a groundbreaking announcement and shows that Broadcom's custom silicon strategy is paying off. Particularly impressive: the AI division grew by 63% to $5.2 billion in the quarter and is expected to accelerate to $6.2 billion in Q4. This marks the 11th...
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