- Broadcom’s (AVGO) stock fell over 1% to $193.33, hitting an intraday low of $187.50, after reports that Google is partnering with MediaTek to co-design next-generation TPUs due next year, potentially diluting Broadcom’s exclusive role due to pricing disputes.
- Google’s TPUs, vital for its AI strategy including Search, YouTube, and Gemini models, cost between $6 billion and $9 billion last year, while the company also ordered $10 billion in Nvidia Blackwell chips, balancing in-house…
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https://wallstreetpit.com/125197-google-ditches-broadcom-ai-chip-shift-sends-stock-lower/