$35B AI Infrastructure Platform Plan Affirms Broadcom Inc. (AVGO) As a Promising Growth Stock to Buy

Broadcom Inc. (NASDAQ:AVGO) is one of the most promising growth stocks to buy now. On June 9, Broadcom Inc. (NASDAQ:AVGO) announced it is teaming up with Apollo Global Management and Blackstone’s credit and insurance business to launch an artificial intelligence infrastructure platform.

AI XPV Platform will enable more than 20 gigawatts of compute capacity by 2028. Backed by an initial $35 billion in financing, the platform is to employ Broadcom’s chips and networking solutions to support AI-focused companies.

The $35 billion tranche is to support anthropic capacity expansion of more than 1 gigawatt of compute infrastructure. The platform will also establish a framework for future deployments of XPU-based compute capacity and networking infrastructure. The ultimate goal is to lower the cost and power requirements of AI model training and inference.

Apollo and…