What’s Going On With Broadcom Stock Friday? – Broadcom (NASDAQ:AVGO)

Broadcom Inc (NASDAQ:AVGO) stock has gained over 64% year-to-date as its application-specific integrated circuits (ASICs), custom chips designed for artificial intelligence (AI) and high-performance computing, gain traction powered by the AI frenzy.

The close to $2 trillion company is taking a central role in Alphabet Inc (NASDAQ:GOOGL) Google’s next-generation AI chip rollout as it moves to lock in high-bandwidth memory (HBM) supplies from Samsung Electronics Co, Ltd (OTC:SSNLF).

Industry sources say Broadcom CEO Hock Tan traveled to South Korea this week to finalize Samsung’s HBM4 supply agreement, a critical step because Broadcom oversees the design and production of Google’s Tensor Processing Unit (TPU).

Also Read: Broadcom’s 10GW AI Deal With OpenAI Could Generate Up To $300 Billion Revenue, Analysts Highlight Growth From Custom Silicon And Networking Solutions

Samsung HBM Supply Negotiations and Contract Scope

Broadcom reportedly pushed for a supply commitment through…