Reported 2 days ago
Broadcom, Ltd. (AVGO) may stand to benefit from OpenAI's recent partnership with Advanced Micro Devices (AMD), which involves supplying AI chips. Following this deal, it's suggested that if OpenAI were to engage Broadcom for similar supplies, AVGO's stock price could rise significantly. Currently, while AMD's stock has surged 27%, AVGO remains stable at $339.04. Analysts predict that Broadcom could achieve a market valuation well beyond $2 trillion if it secures a large production deal with OpenAI, suggesting considerable upside for AVGO shares.
Source: YAHOO