The Latest Breaking News from Hock Tan

Broadcom just added ChatGPT maker OpenAI to its list of high-profile AI customers. Many analysts now see shares going to $400 or more.

Broadcom Inc. (NASDAQ:AVGO) CEO Hock Tan said artificial intelligence could become a much larger part of the global GDP, at a time when AI-related investments are ramping up across industries.

Broadcom shares are taking a breather after hitting a record high. However, one Wall Street analyst just matched the firm's highest price target ever.

Broadcom (NASDAQ:AVGO) shares rose on Wednesday after the company began shipping its third-generation Co-Packaged Optics Ethernet switch, Tomahawk 6 – Davisson (TH6-Davisson), which sets a new industry benchmark with 102.4 terabits per second of switching capacity.

Broadcom's AI chip business is firing on all cylinders. However, its VMware business is moving to take on the likes of MSFT and AMZN, adding upside potential.

Broadcom Inc (NASDAQ:AVGO) is no longer content to trail in NVIDIA Corp.'s (NASDAQ:NVDA) shadow. Armed with a $120 billion AI revenue target by 2030 — and CEO Hock Tan whose bonus depends on hitting it — the semiconductor giant is positioning itself to challenge Nvidia's dominance.

See why Broadcom gained another 9.8% after its impressive earnings report that also sent shares flying. Are the signals surrounding its CEO bullish or bearish?

After a fantastic Q3 report, Broadcom is getting big-time upgrades from Wall Street analysts. See how high they think shares could go.

Customers and analysts still aren’t sure about what Broadcom has done to VMware.

Broadcom secures fourth custom XPU client, believed to be OpenAI, joining Meta, Google and ByteDance in turning to ASICs to reduce reliance on Nvidia GPUs.

Broadcom stock gains as the company announces performance-linked compensation plan for CEO Hock Tan. Here’s why the new contract is positive for AVGO shares.