🟢 Broadcom Inc. is trading 3.7% up today after JPMorgan reassures on Google AI chip partnership
Broadcom Inc.
Broadcom Inc. is trading 3.7% up today at $15100.00, outperforming a broadly flat-to-mixed technology sector.
The advance is primarily driven by a highly reassuring research note from JPMorgan, published today, which dismissed market anxieties surrounding Broadcom's critical custom AI silicon partnership with Google.
JPMorgan confirmed that Broadcom's mass production of Google's advanced TPU v9 chip remains on track for 2028, with a five-year agreement securing revenue visibility through 2031.
This positive update counters previous concerns about Google potentially diversifying suppliers or developing its own in-house chips more rapidly, reinforcing Broadcom's sustained leadership in AI semiconductors.