13 Oct 2025 | 5 Mins Read
Broadcom stock jumps 10% on OpenAI chip deal
Flipitmoney
Broadcom and OpenAI announced a joint partnership to develop and deploy 10 gigawatts of custom AI accelerators. The project aims to scale AI infrastructure by customizing chips for OpenAI's workloads. Financial terms are undisclosed, but Broadcom shares rose 10% premarket. This partnership follows recent deals between OpenAI and other tech giants, including Nvidia, Oracle, and AMD.