OpenAI, Broadcom
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By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data,
AI chip companies Nvidia, Broadcom, Marvell, and Super Micro Computer stocks recover as ASML reports strong earnings.
The 800G Thor Ultra NIC implements Ultra Ethernet Consortium specifications and introduces hardware-accelerated capabilities to modernize RDMA.
Broadcom (NASDAQ: AVGO) is playing a key role in supplying data centers with custom chips and networking products. Strong revenue and free-cash-flow growth have pushed the stock to new highs this year, with shares up 54% year to date through market close Oct. 13.
OpenAI and Broadcom have entered an agreement that will see the companies collaborate on up to 10 gigwatts of custom AI acclerators.
Broadcom is hitching its future to Sam Altman’s vision.
As the marketplace for semiconductors grows beyond Nvidia, Broadcom—a major competitor—should see its stock price grow significantly.
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Big bank earnings, Broadcom's OpenAI chip deal, record-high car prices and more in Morning Squawk
BlackRock and Wells Fargo also surpassed analyst expectations, while Citi posted stronger revenue than Wall Street projected. Don't miss BlackRock CEO Larry Fink on CNBC's "Squawk on the Street" at 9:30 a.m. ET.
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