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Benzinga
Benzinga
Business
Surbhi Jain

Nvidia's Empire Just Took A Hit - Broadcom's $10 Billion Deal Is The Plot Twist

Nvidia Broadcom OpenAI Nasdaq AVGO Broadcom Inc ChatGPT Nvidia Corp
OpenAi

For years, Nvidia Corp (NASDAQ:NVDA) has been the undisputed king of AI hardware, but OpenAI just threw a curveball. The ChatGPT maker has inked a $10 billion deal with Broadcom Inc (NASDAQ:AVGO) to co-design and mass-produce its own AI chips by 2026, signaling a seismic shift away from Nvidia's grip on the AI ecosystem. Broadcom's stock surged 15% on the news, vaulting its market cap to $1.7 trillion, while the industry digested what could be a new era in AI hardware independence.

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