Broadcom (NASDAQ:AVGO) has evolved from a smartphone component supplier into a major player in artificial intelligence chips and networking solutions, capitalizing on rising demand from tech giants building large-scale data centers. The stock gained attention Monday following reports of its partnership with OpenAI.
The collaboration, first reported by the Financial Times, involves Broadcom developing custom AI chips to alleviate the processor shortages that have hindered the rollout of new ChatGPT models.
