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The Latest Breaking News from Hock Tan

South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech

The partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix ‌and $200 billion in chips by Samsung Electronics ⁠to Broadcom, the presidential adviser, Kim Yong-beom, said at a briefing.

The Economic Times

South Korea President Lee looking to open new era of AI in with global tech companies

President Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining…

The Economic Times

Apple Commits Its Biggest U.S. Manufacturing Push Yet: What It Entails

Apple is deepening its investment in American chip manufacturing with a new multi-year agreement worth more than $30 billion with Broadcom, marking the largest U.S. manufacturing commitment in the company's history.

International Business Times

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Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential

Broadcom and OpenAI unveiled Jalapeño, OpenAI's first Intelligence Processor, advancing their 10 GW chip partnership and a potential $200 billion revenue opportunity by 2029.

MarketBeat

JPMorgan Stands by Sky-High Broadcom Target as Shares Slide

Broadcom shares are feeling the heat after its latest earnings report, but one of Wall Street's top banks sees the stock moving $100 above past highs.

MarketBeat

Broadcom Just Quietly Became OpenAI’s Preferred Choice for AI Inference. Here’s What That Means for AVGO Stock.

The company’s "Jalapeno" chip is a positive sign for investors as the AI-inference race heats up.

Barchart

Broadcom and OpenAI debut Jalapeño Intelligence Processor, plot an Apple-like move to 'build the full stack'

The AI arms race just got a little bit spicier as Broadcom and OpenAI target Nvidia.

TechRadar

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OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure

OpenAI has unveiled its first custom AI chip, Jalapeno, developed with Broadcom to boost its infrastructure. This move aims to overcome computing power shortages and reduce reliance on Nvidia's GPUs. Designed for AI inference, the chip is comparable to Nvidia's and Google's offerings. OpenAI plans to deploy Jalapeno by year-end,…

The Economic Times

VMware: Broadcom's Second Biggest Business Set to Accelerate

Broadcom's AI chip business is growing at an extraordinarily fast pace, but another large part of the company's business is getting ready to accelerate.

MarketBeat

As Shares Fall, Analyst Are Boosting their Broadcom Price Targets

While Broadcom's latest earnings disappointed markets; Wall Street analysts held steadfast, increasing their price targets amid the large drop in shares.

MarketBeat

Broadcom's Whiplash: Shares Tank After Pre-Earnings Surge

Broadcom just saw a big run-up going into its latest earnings report and a crash following it. Here's what caused shares to slip.

MarketBeat

Nasdaq Futures Plunge as Broadcom Sinks on Disappointing AI Chip Sales Forecast

June Nasdaq 100 E-Mini futures (NQM26) are trending down -1.12% this morning as a disappointing forecast from Broadcom led investors to hit pause on the AI trade.

Barchart

AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations

The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but it disappointed investors by not raising its long-term sales target, sending shares tumbling more than 12% in after-hours trading.

Euronews

Broadcom's second-quarter revenue misses estimates as competition bites

Second-quarter revenue came in at $22.19 billion, missing estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the ‌industry standard ⁠for AI ⁠workloads.

The Economic Times

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MarketBeat

Broadcom Q2 Earnings Call Highlights

Broadcom (NASDAQ:AVGO) reported record fiscal second-quarter 2026 revenue and issued a sharply higher outlook for the current quarter, as President and CEO Hock Tan said demand for the company’s artificial intelligence semiconductors remains “simply insatiable.” On the earnings call, Tan said total

AAP

Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping

The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives to stick around and make even more money for shareholders in the years ahead

The Independent UK

Average CEO pay rises to $17.7 million as America’s wealth divide gets uglier

International Business Times

What Is Broadcom? The Unknown Company Building the AI Chips Powering Google, Anthropic, OpenAI and Meta

Broadcom (AVGO) is the company building custom AI chips for Google, Anthropic, OpenAI and Meta. With $100 billion in AI chip revenue targeted for 2027 and a $73 billion backlog, here's everything you need to know about the most powerful tech company most people have never heard of.

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Barchart

Broadcom Just Reached a 3-Year AI Chip Deal with Meta. Does That Make AVGO Stock a Buy?

Broadcom’s long-term Meta deal signals strong demand, but investors face a premium entry point.

MarketBeat

Broadcom Hits $2 Trillion Market Cap as Google Reveals New AI Chips

Broadcom recently rose to all-time closing highs as key partner Google provided an update on its custom AI chip roadmap.

Tom’s Hardware

Broadcom to supply Meta with custom silicon through 2029 — Broadom CEO Hock Tan departs Meta's board

Broadcom inks deal with Meta to supply multi-GW of custom MTIA silicon through 2029, but Hock Tan will leave Meta's board.

Barchart

AI's Cash Splash Continues: Meta Platforms and Broadcom Expand Custom Chip Partnership

Hyperscalers are ramping AI infrastructure spending to record levels this year, with a string of major partnerships and funding rounds across the sector. Meta’s newly expanded collaboration with Broadcom on custom MTIA chips adds another layer to that build-out, focusing on multi-generation silicon and multi-gigawatt capacity through 2029.

Barchart

Broadcom Insiders Are Selling Stock. Is AVGO Finally at the End of the Road?

Broadcom insiders recently sold $88 million in stock, rattling investors even as the company’s AI‑driven results and guidance remain strong.

MarketBeat

Why Broadcom's $100B AI Revenue Forecast May Be Conservative

Will Broadcom hit its $100 billion AI revenue forecast in 2027? Multiple factors suggest that the actual number could be significantly higher.

MarketBeat

Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention

Meta confirmed Broadcom as its custom AI chip partner and revealed an expanding MTIA roadmap, but a missing training chip tempers the bull case.

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