Broadcom’s $10B AI Chip Deal Ignites Stock Surge – What’s Powering This Tech Giant’s Boom
OpenAI’s pursuit of custom AI hardware has led it to Broadcom for chip design collaboration, aiming to reduce reliance on Nvidia. Broadcom’s CEO confirmed a huge $10 billion order from a new cloud client (believed to be OpenAI), catalyzing investor excitement ts2.tech nasdaq.com. Broadcom’s Financial Surge Amid the AI Gold Rush Broadcom is riding a wave of unprecedented demand for AI infrastructure, translating into stellar financial results. In its Q3 FY2025 earnings, Broadcom reported record revenue of $16.0 billion, a +22% YoY jump, handily beating estimates ts2.tech. Net income and cash flows are robust – free cash flow hit $7.0 billion in the