Broadcom was gaining after Meta Platforms said it sees room for greater use of its custom artificial-intelligence chips.
Broadcom rose 5% on Thursday as Meta Platforms announced plans to increase use of chips designed with Broadcom.
In the wake of Broadcom's acquisition of VMware in late 2023, a growing number of customers have expressed discontent with the virtualization giant's new direction. The
U.S.-listed shares of tech giants are gaining some lost ground this morning after a China-based startup shocked the AI world with a powerful LLM. Yesterday, shockwaves rippled across the American tech industry after news spread over the weekend about a powerful new large language model (LLM) from China called DeepSeek.
Broadcom shares were trading about 4% higher in premarket trade. Meta CFO Susan Li told investors on a conference call that the company will use more of the chips it's designed with Broadcom. The chips are known as Meta's Training and Inference Accelerator,
Broadcom Inc. (NASDAQ:AVGO – Get Free Report) fell 0.8% during mid-day trading on Tuesday after Morgan Stanley lowered their price target on the stock from $265.00 to $246.00. Morgan Stanley currently has an overweight rating on the stock.
Broadcom Inc.'s strong stock gains, dividend growth, and strategic acquisitions make it a long-term investment opportunity. Learn more on AVGO stock here.
Comdivision CEO explains Broadcom VMware’s partner strategy and execution in 2025 as VCF services are key while resellers and SMB customers might be let go.
The lowest price target is $160; the highest is at $265. Analysts previously projected its addressable market for AI chips to reach $60–90 billion by 2027, with Broadcom potentially capturing $37.5–50 billion if it maintained its market share. All those numbers are in muddy water now.
In today's video, I discuss the recent updates impacting Nvidia (NASDAQ: NVDA) and other AI stocks after the volatility created by DeepSeek AI. To learn more, check out the short video, consider subscribing, and click the special offer link below.
A slew of stocks, including chip maker Nvidia, fell Monday after Chinese startup DeepSeek released an AI model that runs on less-advanced chips and at a lower cost than U.S. rivals.
Broadcom's AI revenue is resilient to trade wars and sanctions, unlike Nvidia, making it a better investment in the current climate. Read more about AVGO stock here.