BUZZ-Broadcom gains after OpenAI unveils custom chip it designed with co

Broadcom Limited

Broadcom Limited

AVGO

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** U.S. chipmaker Broadcom AVGO.O rise 1.4% after falling over 3% in the last session

** OpenAI unveils first custom AI chip designed in conjunction with AVGO named Jalapeño

** Chip designed to perform specific AI task, known as inference, during which data is crunched to answer user queries to a chatbot like ChatGPT

** Plans to deploy chip by the end of this year

** Including sessions' gains, AVGO up 11.5% YTD compared to a 91.2% rise in the Philadelphia semicondutor index .SOX


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