Broadcom (AVGO) Stock Surges on AI Chip News – What Investors Must Know
Broadcom shares jumped 12% pre-market Oct. 13, 2025, after Reuters reported a $10 billion AI chip deal with OpenAI, pushing its market cap to about $1.6 trillion. The stock is up 90% year-to-date. Q3 revenue hit a record $16 billion, with AI chip sales up 63% to $5.2 billion. CEO Hock Tan’s contract was extended through 2030.