Broadcom’s valuation surges by US$150 billion after chip deal with OpenAI

Source: Tech – South China Morning PostBroadcom became the latest chipmaker to forge a blockbuster data centre deal with OpenAI, triggering a rally that added more than US$150 billion to its market value.
In a pact announced on Monday, OpenAI agreed to buy custom chips and networking components from Broadcom to help power its artificial intelligence services. OpenAI had already struck deals for data centres and chips that easily top US$1 trillion, and the company plans to spend tens of billions of dollars more on Broadcom chips,…Read More

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