Broadcom gain from innovation business looking for expensive and supply-limited AI cpus in NVIDIA.
CEO Hock Tan said Broadcom expects its customized AI chips to generate revenue of US$60 billion to US$90 billion.
The statement caused a 3% rise in Broadcom shares in the bargain.
Despite the volatility, Nvidia shares are up more than 160% year to date, while Broadcom shares are up more than…
The statement caused a 3% rise in Broadcom shares in the bargain.
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