Broadcom & Microsoft AI Chip Collab: Stock Soars

Broadcom, a semiconductor giant, is reportedly in talks with Microsoft for a collaboration on AI chips, potentially boosting its market position. Broadcoms stock surged to a new high, driven by AI demand and its acquisition of VMware. The companys third-quarter results showed record revenue, with AI revenue surging by 63%. Analysts are optimistic, predicting a Strong Buy rating for Broadcoms stock.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.