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Wajeeh Khan

AVGO Stock Alert: What to Know About Broadcom's $50 Billion Financing Deal for OpenAI Chips

Broadcom AVGO OpenAI

Broadcom (AVGO) shares came under pressure on Thursday as investors digested reports that the chipmaker is pursuing a huge financing package tied to its collaboration with OpenAI. According to the Wall Street Journal, AVGO is attempting to arrange more than $50 billion in financing to design and develop custom artificial intelligence (AI) chips for the ChatGPT company.

Following today’s decline, Broadcom stock is hovering around the same price at which it started the year.

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