This Semiconductor Giant Is in Talks With Microsoft for Custom Chips. Should You Buy Its Stock Now?
Semiconductor giant Broadcom (AVGO) is reportedly in talks with tech supergiant Microsoft Corporation (MSFT) to further bolster its artificial intelligence (AI) chip portfolio. According to a report by The Information, the two trillion-dollar behemoths are planning to co-design custom chips to meet growing demand for AI operations, amid a market fueled by competitive pressure. This could turn out to be a major tailwind for Broadcom. Let's take a closer look at the stock ahead of its Q4 results. More News ...