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Shares of Chip Gaint Broadcom (NASDAQ:AVGO) saw about a 3% surge on Wednesday afternoon after investment firm Daiwa ...

The more interesting thing is that the company just delivered another blowout quarter, with revenue exploding and AI-related ...

According to JP Morgan, Broadcom’s development of Google’s TPU and Meta MITA chip was estimated to contribute $9 bln in total revenue for Broadcom. Given Apple’s reported $500 bln investment ...

Broadcom (AVGO) shares slumped 5% yesterday ... Its major customers include hyperscalers like Alphabet (GOOG) and Meta Platforms (MSFT). Management is secretive about its customers but has ...

On top of that, Broadcom works directly with tech giants like Meta to design their application-specific integrated circuits (ASICs). Custom AI chips are gaining steam since they can perform AI ...