Broadcom Developing an AI Chip With Big New Customer OpenAI, Reports Say
1. Broadcom partners with OpenAI to develop its first AI chip. 2. OpenAI reportedly committed $10 billion in orders to Broadcom. 3. Broadcom's Q3 earnings surpassed estimates, boosting stock by 10%. 4. This partnership challenges Nvidia's AI market dominance. 5. Broadcom shares have risen over 30% year-to-date.