By Neha Gupta
Publication Date: 2026-04-16 09:27:00
Broadcom Inc. (NASDAQ:AVGO) is one of the best data center stocks to buy right now. On April 14, Broadcom Inc. (NASDAQ:AVGO) and Meta announced a long‑term partnership to build custom AI chips and networking systems for Meta’s growing data centers.
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The deal will run through 2029 and start with more than 1 gigawatt of computing power, expanding to multiple gigawatts over time. Broadcom’s technology will support Meta’s MTIA accelerators, providing faster, more efficient infrastructure for AI features across apps like WhatsApp, Instagram, and Threads. This collaboration makes Broadcom a key supplier in Meta’s plan to scale its next‑generation AI data centers worldwide.
On April 8, Broadcom Inc. (NASDAQ:AVGO) moved to strengthen fraud prevention by leveraging machine learning to uncover risk patterns beyond existing controls.
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