The Latest Breaking News from Hock Tan

Customers and analysts still aren’t sure about what Broadcom has done to VMware.

Broadcom secures fourth custom XPU client, believed to be OpenAI, joining Meta, Google and ByteDance in turning to ASICs to reduce reliance on Nvidia GPUs.

Marvell Technology (NASDAQ:MRVL) stock trended Friday after competitor Broadcom (NASDAQ:AVGO) delivered strong quarterly earnings.

Broadcom Inc.’s (NASDAQ:AVGO) CEO, Hock Tan, is doubling down on Ethernet as the default interconnect for the AI era, saying the company's networking architecture is essential for training large language models at scale.

Broadcom Inc. (NASDAQ:AVGO) has extended CEO Hock Tan's leadership through 2030, rewarding the executive who has overseen a staggering 26,750% stock surge while steering the company into the heart of the artificial intelligence hardware race against Nvidia Corporation (NASDAQ:NVDA).

OpenAI is set to begin mass production of its first proprietary artificial intelligence chip next year through a partnership with Broadcom Inc. (NASDAQ:AVGO), marking a strategic shift away from its reliance on Nvidia Corp. (NASDAQ:NVDA) amid surging demand for artificial intelligence computing power.

Broadcom stock has been on an absolute tear in the last decade and is poised to benefit from the AI megatrend. Is AVGO stock still a good buy?

HSBC has slapped a Street-high $400 price target on Broadcom stock.

HSBC raised its price target on Broadcom stock to $400. But AVGO shares, at current levels, are not particularly inexpensive to own.