Broadcom Stock Investors Just Got Fantastic News From OpenAI
The ChatGPT parent turned to Broadcom to create a custom processor.
Broadcom Stock Investors Just Got Fantastic News From OpenAI
Overview
Broadcom (NASDAQ:AVGO) has been on a blistering run in recent years, but those gains have been accompanied by significant volatility. The artificial intelligence (AI) chipmaker has gained 580% since the advent of AI in early 2023, but has fallen 10% or more on at least nine separate occasions and is currently 21% off its peak. Case in point: Broadcom stock crashed 41% in early 2025, so it isn't for the faint-hearted.
Uncertainty about the future of AI adoption has some investors sitting on the sidelines, but the evidence continues to mount that the company has a bright future.
Details
Source
Originally published at www.fool.com.
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