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Stockreport

Broadcom agrees to support development of Meta's next-generation AI chips [Yahoo! Finance]

Broadcom Inc. (AVGO)  More Company Research Source: Yahoo! Finance
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Dive Brief: Broadcom is partnering with Meta to produce the industry's first 2-nanometer artificial intelligence compute accelerator in a deal set to last through 2029. The partnership is built on Broadcom's XPU platform “to deeply co-develop and optimize Meta's AI infrastructure across multiple silicon generations,” Broadcom said in a press release. The deployment will also utilize Broadcom's advanced Ethernet technologies, the company said. The purpose of the deal is to help meet Meta's escalating compute demands for next-generation AI models. Dive Insight: Through their extended partnership, Broadcom said its technology will serve as the foundation for Meta's deployment of state-of-the-art AI data centers. The overall goal is to co-design and scale hardware required for real-time generative AI features and “personal superintelligence” through apps like WhatsApp, Instagram and Threads, it said in a news release. This effort will depend on rapid deployment of Meta Traini [Read more]

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Broadcom agrees to support development of Meta's next-generation AI chips [Yahoo! Finance]

Broadcom Inc.  (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Dive Brief: Broadcom is partnering with Meta to produce the industry's first 2-nanometer artificial intelligence compute accelerator in a deal set to last through 2029. The partnership is built on Broadcom's XPU platform “to deeply co-develop and optimize Meta's AI infrastructure across multiple silicon generations,” Broadcom said in a press release. The deployment will also utilize Broadcom's advanced Ethernet technologies, the company said. The purpose of the deal is to help meet Meta's escalating compute demands for next-generation AI models. Dive Insight: Through their extended partnership, Broadcom said its technology will serve as the foundation for Meta's deployment of state-of-the-art AI data centers. The overall goal is to co-design and scale hardware required for real-time generative AI features and “personal superintelligence” through apps like WhatsApp, Instagram and Threads, it said in a news release. This effort will depend on rapid deployment of Meta Traini [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AVGO
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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MAX UP
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Low:
%
POST NEWS RANGE
%
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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS