Broadcom Stock (AVGO) Slides after $18B OpenAI Custom Chip Deal Hits Major Financing Snag

Broadcom Stock (AVGO) Slides after B OpenAI Custom Chip Deal Hits Major Financing Snag

By Radhika Saraogi
Publication Date: 2026-05-07 19:43:00

Broadcom Inc. ($AVGO) stock slipped 4% on Thursday after The Information reported that the company’s custom AI chip deal with OpenAI has hit a major financing hurdl…