CEO Hock Tan said artificial intelligence could become a much larger part of the global GDP, at a time when AI-related investments are ramping up across industries.

OpenAI and Broadcom have revealed a long-term collaboration to jointly design, build, and deploy up to 10 gigawatts of custom

Shares of Broadcom ( AVGO 9.56%) surged higher on Monday, jumping as much as 10.6%. As of 12:38 p.m. ET, the stock was still up 10.2%. The catalyst that sent the networking specialist higher was word of a new partnership for its custom artificial intelligence (AI) chips.

Broadcom (AVGO) and OpenAI launch multi-year partnership to deploy 10GW of custom AI silicon and rack-level systems, positioning AVGO to optimize performance and scale next-gen tech.

Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data, deepening its rivalry with Nvidia .

Multi-year partnership enables OpenAI and Broadcom to deliver accelerator and network systems for next-generation AI clusters News: OpenAI and Broadcom will co-develop systems that include accelerators and Ethernet solutions from Broadcom for scale-up and scale-outBroadcom to deploy racks of AI accelerator and network systems targeted to start in the second half of 2026,

Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel Chief Sold More than 80% of His Broadcom Stock and Is Piling Into Another Artificial Intelligence (AI) Stock-Split Stock Instead

As the marketplace for semiconductors grows beyond Nvidia, Broadcom—a major competitor—should see its stock price grow significantly.

Broadcom is hitching its future to Sam Altman’s vision.