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Broadcom stock jumps 15% on new $10 billion customer that analysts say is OpenAI

Summary

Broadcom shares soared 15% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI.

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De Telegraaf

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Chipmaker Broadcom Unexpectedly Rises on 'Billion-Dollar Order' From Openai and Chatgpt as Investors Nibble at Nvidia's Lead

A multi-billion dollar order for artificial intelligence chips has sent shockwaves through the chip industry. American manufacturer Broadcam appears to have trumped rival AMD, now that major players have chosen its chip for superfast AI solutions. After years of dominance, a competitor for Nvida in AI chips has emerged.

3 days ago·Amsterdam, Netherlands

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Seeking Alpha

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AMD, Nvidia slump as Broadcom gets new customer for AI chip

Shares of Advanced Micro Devices (AMD) and Nvidia (NVDA) fell after a report that OpenAI is set to produce its first AI chip in collaboration with Broadcom (AVGO).

4 days ago·United States

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