Broadcom is rumored to have an ongoing partnership with Apple to help it build its own AI chip TikTok parent company, ByteDance, OpenAI also reportedly in the picture The move comes as hyperscalers look to reduce their dependency on AI chips from Nvidia Nvidia has ridden the generative AI boom to record-breaking revenues and profits over the past two years,

Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.

Apple is reportedly developing a custom server processor to power its AI services. Codenamed "Project Baltra," the initiative aims to bolster the AI capabilities integrated into

Apple plans to launch in-house Wi-Fi and Bluetooth chips by 2025. Broadcom will still supply Apple with radio frequency filters for modems. The Wi-Fi and Bluetooth chips will enable Apple devices to go online via wireless networks, pair with headphones ...

Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.

Apple has long worked on designing its own modems, and now it looks as if the company will also soon be switching to its own WiFi and Bluetooth solution.

Broadcom shares rocketed higher Friday, a day after the company’s fiscal fourth-quarter results topped expectations, leading several analysts to raise their price targets.

Broadcom Inc. (NASDAQ:AVGO) is the latest addition to the elite trillion-dollar companies club. The announcement that the company could generate revenues in the upward of $60 to $90 billion from artificial intelligence by 2027 underscores why it remains the center of attention on Wall Street.

In the high-tech universe, there is a single common road that top-flight companies like Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Qualcomm (NASDAQ: QCOM), Broadcom (NASDAQ: AVGO),

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There aren't any rules about why or how often a company can split its stock. Broadcom wouldn't even be the first company to split its stock multiple times in a short period. Tesla executed two stock splits in the two years between August 2020 and 2022. Each share investors owned before those splits would equate to 15 shares today.

Technology stocks led a broad rally on Wall Street on Tuesday during a holiday-shortened trading session ahead of Christmas.