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Broadcom Value Jumps Over $1tn On AI Optimism

  • Shares in Broadcom jumped 24 percent after the company's CEO spoke of a 'massive' opportunity in AI.
  • Broadcom expects custom AI chips to generate $60-90bn in revenue over the next three years from existing hyperscaler customers.
  • The company confirmed adding two more hyperscaler customers for next-generation AI chips.
  • Broadcom's stock is up 98 percent this year, while concerns remain over the costs of building AI infrastructure.

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