Broadcom has partnered with OpenAI to design AI accelerator chips, challenging Nvidia's dominance. With over $10 billion in orders already secured, Broadcom will begin shipping chips next year for OpenAI's internal use. Shares surged 16%, adding $200 billion to its value, while Nvidia slipped. CEO Hock Tan projects strong AI revenue growth and extended his leadership until 2030.
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09:57 am on
06 Sep