Broadcom, Inc. AVGO stock traded lower on Monday after Huawei announced it was preparing a new artificial intelligence (AI) chip as an alternative to Nvidia’s H20 line.
The Details: Broadcom, along with the broader semiconductor industry, is moved lower Monday following Huawei’s announcement. Huawei intends to start delivering its advanced 910C AI chip to customers in China as early as next month, according to Reuters.
The chip matches the performance of Nvidia’s H100 by combining…
Article Source
https://www.benzinga.com/trading-ideas/movers/25/04/44910856/whats-going-on-with-broadcom-shares-monday
