CMB Stock News Of The Day 📰📰🗞️🗞️🗞️📈📉

”Broadcom stock surges as it inks massive deal with OpenAI to roll out 10 gigawatts of AI accelerator power beginning next year“ 🚨🚨🚨

Broadcom (AVGO $355.60, +9.54%) is soaring in early trading after unveiling a major collaboration with OpenAI to design and deploy 10 gigawatts of custom AI accelerators across global data centers. The ambitious rollout is set to begin in late 2026 and reach full completion by 2029, marking one of the largest infrastructure expansions in the AI space to date.

While the companies didn’t disclose exact financial details, The Wall Street Journal reports the deal is valued in the “multiple billions of dollars.” These AI racks will feature Broadcom’s full stack of Ethernet, PCIe, and optical connectivity technologies, reinforcing its growing dominance in AI infrastructure solutions.

Broadcom’s stock previously jumped during its Q3 earnings call, when CEO Hock Tan hinted at a “major new customer.” Although some speculated that buyer was OpenAI, Broadcom’s Charlie Kawwas, Ph.D., clarified that OpenAI is not the mystery $10 billion client referenced earlier.

OpenAI cofounder Greg Brockman highlighted the strategic importance of custom chips:

“By building our own chip, we can embed what we’ve learned from creating frontier models and products directly into the hardware — unlocking new levels of capability and intelligence.”

This deal adds to OpenAI’s flurry of recent announcements, including a major partnership with AMD, where the AI giant gained up to a 10% stake in the chipmaker. With these moves, OpenAI continues to expand its reach far beyond software, into the very hardware powering the AI revolution.