The Latest Breaking News from Broadcom

Broadcom is a mega-cap semiconductor stock that continues to grow at a stellar pace given its expanding portfolio of AI chips.

Nvidia's rally is facing a reality check amid fears of competition in the AI chip market. It however makes sense to buy the pessimism towards NVDA.

Over the past 12 months, Broadcom stock has surged significantly, driven by strong demand for the company’s AI semiconductors.

Nvidia stock pulled back after Broadcom said its XPUs are gaining traction among hyperscalers. Citi recommends loading up on NVDA shares on the dip.

Broadcom (NASDAQ:AVGO) has evolved from a smartphone component supplier into a major player in artificial intelligence chips and networking solutions, capitalizing on rising demand from tech giants building large-scale data centers. The stock gained attention Monday following reports of its partnership with OpenAI.

September S&P 500 E-Mini futures (ESU25) are up +0.26%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.34% this morning, pointing to a higher open on Wall Street as investors boosted their expectations for how much the Federal Reserve will cut interest rates this year.

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Broadcom has secured a $10 billion deal to supply custom AI accelerators and rack-scale hardware to an undisclosed customer — widely believed to be OpenAI — signaling that the design has been validated and full-scale deployment is on track for late 2026.

The August jobs report came in much weaker than expected, while the unemployment rate ticked higher.

Both history and folklore are replete with accounts of circumstances looking incredibly grim — until an unexpected catalyst delivers a much-needed reprieve. Investors of semiconductor giant Nvidia Corp (NASDAQ:NVDA) will be hoping for just such a turnaround. While the company has practically been synonymous with the remarkable rise of artificial…