Broadcom (AVGO) and Meta Announce Multi-Year AI Infrastructure Partnership

Broadcom Inc. (NASDAQ:AVGO) is one of the

12 AI Stocks in Focus on Wall Street: Tesla, Meta, and More.

On April 14, Broadcom together with Meta announced a multi-year, multi-generation strategic partnership to support Meta’s artificial intelligence compute infrastructure through at least 2029. This partnership news has landed the stock fifth place on our list of AI Stocks in Focus on Wall Street.

Broadcom will co-develop multiple generations of Meta’s next-generation MTIA (Meta Training and Inference Accelerator) chips. These chips help power AI across all of Meta’s apps and services.

The initial commitment surpasses 1 gigawatt and marks the first phase of a multi-gigawatt rollout planned over the next three years.

Photo by Mika Baumeister on Unsplash

Broadcom will deliver its industry-leading Ethernet networking solutions, which include high-radix Ethernet switches, Optical…