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OpenAI, Broadcom (AVGO) Unveil “Jalapeño” AI Accelerator for Enhanced LLM Inference
Insider Monkey49d agoneutral
OpenAI, Broadcom (AVGO) Unveil “Jalapeño” AI Accelerator for Enhanced LLM Inference

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks for beginners to buy now. On June 24, OpenAI and Broadcom introduced “Jalapeño,” a custom AI accelerator designed specifically for LLM inference. Developed in nine months, the processor is built from the ground up to optimize memory movement, networking, and compute resources. Early testing indicates that […]

3 Market-Beating Stocks with Solid Fundamentals
StockStory49d agobullish
3 Market-Beating Stocks with Solid Fundamentals

Companies that consistently increase their sales, margins, or returns on capital are usually rewarded with the best returns, and those that can do all three for years on end are almost always the legendary stocks that return 100 times your money.

Broadcom, OpenAI deal hit as infrastructure costs take center stage
TheStreet49d agoneutral
Broadcom, OpenAI deal hit as infrastructure costs take center stage

The artificial intelligence race is no longer only about building the biggest models or buying the most powerful chips. It is also becoming a cost-control problem. That is the message behind OpenAI’s Jalapeño, the custom chip it designed with Broadcom (AVGO). The chip gives Broadcom another role in ...

Melius Research: “Buy the chip dip, skip hyperscalers” until AI payoff becomes clear
24/7 Wall St.49d agobullish
Melius Research: “Buy the chip dip, skip hyperscalers” until AI payoff becomes clear

Melius Research’s head of tech research, Ben Reitzes, told CNBC to lean into chip-stock weakness and stay clear of the cloud giants paying for the buildout. “I’m telling them to buy on the dip. These have been opportunities in the past, and we just don’t really see any change,” Reitzes said. His list of buys ... Melius Research: “Buy the chip dip, skip hyperscalers” until AI payoff becomes clear

BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story
24/7 Wall St.49d agobearish
BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story

Memory stocks just went from cyclical chip plays to AI-era essentials, and Bank of America’s Vivek Arya thinks the market is still pricing them like the old version. Speaking on CNBC the morning after Micron Technology (NASDAQ:MU) reported, BofA’s senior semiconductor analyst argued that “what we are witnessing is what I would call a structural ... BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story

Investing.com49d agobullish
Why Goldman is cautious on outperforming Intel stock

Investing.com -- Goldman Sachs initiated coverage of Intel with a Neutral rating and a 12-month price target of $150, acknowledging clear tailwinds in server CPUs and foundry optionality but arguing that the stock's recent run has already priced in much of the upside.

Nvidia Stock Slips Below $200, and the Competition Fears Are Growing
Barrons.com49d agoneutral
Nvidia Stock Slips Below $200, and the Competition Fears Are Growing

Nvidia was falling early Thursday after rising throughout premarket trading as initial semiconductor cheer from Micron earnings quickly reversed. Nvidia shares were down 2% at $2194.98 in early trading after Micron Technology blowout earnings. As Barron’s has written, Nvidia looked to be establishing a trading range with a floor of roughly $200, after breaking through that level in April.

Nvidia Stock Gains Even as AI Chip Competition Hots Up
Barrons.com50d agoneutral
Nvidia Stock Gains Even as AI Chip Competition Hots Up

Nvidia was rising early Thursday. The chip maker was benefiting from widespread semiconductor cheer, even as more options came onto the artificial-intelligence processor market. Nvidia shares were up 1.5% at $201.94 in premarket trading with chip stocks generally gaining after Micron Technology blowout earnings.

UBS Maintains Buy Rating on Broadcom (AVGO) Stock
Insider Monkey50d agobullish
UBS Maintains Buy Rating on Broadcom (AVGO) Stock

Broadcom Inc. (NASDAQ:AVGO) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years. On June 11, Timothy Arcuri of UBS was bullish on the company’s stock and maintained a “Buy” rating with a price objective of $485. That being said, the firm’s analyst opines that supply constraints might result in […]

Broadcom gets major OpenAI boost in AI chip race
TheStreet50d agoneutral
Broadcom gets major OpenAI boost in AI chip race

Broadcom (AVGO) just got a new validation point in the artificial intelligence chip race: OpenAI’s first custom chip, Jalapeño, unveiled on June 24. The chip was designed with Broadcom and built for inference, the computing process that allows products such as ChatGPT to respond to user requests. ...

Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
Reuters50d agobullish
Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

Shares of chipmakers surged late on Wednesday, adding over $400 billion in market ‌value after strong forecasts from Micron Technology and Qualcomm ‌breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged ​12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm ‌said it expects $15 billion ⁠in sales from its data center business by 2029 as it moves beyond its core smartphone ⁠chip business and shifts its focus to AI.