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Broadcom's AI Chip Boom: Stock Surges
Published 2 days, 7 hours ago
Description
Broadcoms stock surged Thursday, driven by a Wall Street analysts bullish notes on the companys custom AI chips, particularly its partnership with Alphabet. Googles decision to sell Tensor Processing Units directly to customers opens a new revenue stream, with Broadcom projecting AI chip sales to reach $100 billion by 2027. At just 24 times next years expected revenue, the stock is seen as undervalued ahead of the AI boom.
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