Broadcom could benefit from multibillion-dollar deal between Google and Meta

Broadcom benefits from the new boom in custom AI chips for data centers and could increase AI revenues to $78 billion by 2028. Google, as the most valuable customer, plans to widely introduce the new Ironwood TPUs and aims to capture up to 10% of NVIDIA's annual revenue with broad market acceptance of AI chips. Meta plans a potential multibillion-dollar purchase of Google’s TPUs for use in its own data centers starting in 2027, according to The Information. Broadcom could significantly benefit as a chip partner. The stock presents itself...