SAN FRANCISCO, United States - OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its own specialized computer processors for

An analyst sees ‘big upside’ ahead for Broadcom’s financials as the company’s arrangement with OpenAI could only be the beginning of a relationship between the two.

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.

OpenAI has entered a multiyear partnership with Broadcom to develop custom chips and networking hardware that will power 10 gigawatts of new AI data center capacity, according to a statement released Monday by both companies,

OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors, the latest tie-up for the world's most valuable startup for computing power amid surging demand for its services.

Multi-year partnership enables OpenAI and Broadcom to deliveraccelerator and network systems for next-generation AI clustersNews:OpenAI and

Unfortunately for investors, Broadcom doesn't specifically announce who its customers are. However, it's fairly easy to link clients, and various analysts have linked OpenAI to Broadcom in a $10 billion deal that was announced during its earnings call. This could be a valuable client on top of Broadcom's other three.