Friday, 5 September, 2025
Broadcom Shares Soar on $10B AI Chip Deal and CEO’s Multi-Year Commitment
Broadcom shares surged nearly 9%–15% in pre-market trading after the company secured over $10 billion in AI infrastructure orders, possibly from OpenAI—boosting confidence in its custom AI chip strategy. CEO Hock Tan, who renewed his commitment through 2030, affirmed expectations for “significantly improved” AI revenue in fiscal 2026. This milestone deepens Broadcom’s positioning as a leading alternative to Nvidia in generative AI hardware.
Read full story at Economic Times