Why Broadcom (AVGO) Stock Is Up Today

Why Broadcom (AVGO) Stock Is Up Today

Why Broadcom (AVGO) Stock Is Up Today

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.3% in the afternoon session after Meta reported fourth quarter earnings and announced plans to scale up its deployment of MTIA (Meta Training and Inference Accelerator) chips, developed in partnership with Broadcom, to optimize cost. Currently used for ad and organic content workloads, these custom chips will expand to AI training tasks, including generative AI, by 2026….

Article Source
https://finance.yahoo.com/news/why-broadcom-avgo-stock-today-202329197.html

More From Author

Where to buy RTX 5080: cards are moving fast as stock drops

Where to buy RTX 5080: cards are moving fast as stock drops

Juniper Networks stock falls after DOJ sues to block HPE merger – Investing.com

Listen to the Podcast Overview

Watch the Keynote