Broadcom, Apple extend custom chip partnership through 2031
Why it matters: Apple generates about 20% of Broadcom's annual revenue, and Broadcom shares rose more than 5% after the deal.
Subject
#Broadcom
Broadcom, Apple extend custom chip supply deal through 2031
Why it matters: Apple generates about 20% of Broadcom’s annual revenue, and the stock rose more than 5% after the deal.
OpenAI tests Broadcom AI chip that cuts inference costs by 50%
What's next: Microsoft data centers and other partner sites are set to start integrating the finalized Jalapeno chips later this year.
Asian tech stocks rebound after Wall Street chip rally
What's new: Seoul's Kospi recovered much of Monday's 8.3% plunge, while SK Hynix jumped 6.44% as investors returned to AI shares.
Bloomberg, Channel News Asia +1
US stocks rise as chip rebound lifts Nasdaq, Intel jumps 8.5%
What's next: Investors are watching Wednesday's CPI report for signs that higher oil prices could feed inflation and keep the Fed hawkish.
Dow jumps 875 points to a record as Broadcom drags Nasdaq
Why it matters: The split session showed money rotating into health care and financials even as chip stocks sold off on AI valuation worries.