Shares of artificial intelligence (AI) chipmakers like Broadcom (NASDAQ: AVGO), Marvell Technology (NASDAQ: MRVL), and Arm Holdings (NASDAQ: ARM) rallied on Monday. At one point, they were up by 4%, 4 ...
Broadcom sells a lot of networking and optical chips for use in AI data centers. The rapid expansion of the artificial intelligence (AI) market is generating strong tailwinds for many chipmakers.
Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its ...
Broadcom Inc. soared nearly 17% after the company reported strong earnings after Thursday’s close. The latest earnings report reaffirmed that artificial intelligence (AI) is a strong force and i ...