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Strategies & Market Trends : Young and Older Folk Portfolio

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From: chowder10/13/2025 9:20:32 AM
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Oh boy, AVGO is taking off ...

Broadcom surges after OpenAI deal for 10 gigawatts of custom AI accelerators

Oct. 13, 2025 9:07 AM ET Broadcom Inc. (AVGO) Stock, OPENAI Stock, MSFT Stock
By: Ravikash Bakolia, SA News Editor

Shares of Broadcom (NASDAQ: AVGO) jumped about 12% premarket on Monday after OpenAI ( OPENAI) and the chipmaker announced a collaboration for 10 gigawatts of custom AI accelerators.

OpenAI will design the accelerators and systems, which will be developed and deployed in partnership with Broadcom.
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