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Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Associated Press19d agoneutral
Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower

Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised. Oil prices surged as fighting in the Middle East intensified, while U.S. futures slipped.

Broadcom (AVGO) Extends Strategic Partnership With Nationwide Building Society
Insider Monkey29d agobullish
Broadcom (AVGO) Extends Strategic Partnership With Nationwide Building Society

Broadcom Inc. (NASDAQ:AVGO) is one of the top 10 AI stocks that will skyrocket. On June 24, Broadcom Inc. (NASDAQ:AVGO) extended its strategic collaboration with Nationwide Building Society (LSE:NBS.L) to facilitate the continued technology transformation and the evolution of Nationwide’s hybrid cloud approach. Key to this phase is the implementation of VMware Cloud Foundation (VCF), […]

AI Chips Update - Etched Unveils AI Chip with $1 Billion in Contracts
Simply Wall St.35d agoneutral
AI Chips Update - Etched Unveils AI Chip with $1 Billion in Contracts

Etched has emerged from stealth mode, unveiling its working AI chip alongside securing over $1 billion in customer contracts. The company announced the raising of $800 million in funding, highlighting significant support from notable investors and thought leaders in the AI field. Etched has achieved first-pass silicon success and is validating its rack-scale inference systems with clients, aiming to make AI inference significantly faster, cheaper, and more efficient. With production ramping...

What Broadcom (AVGO)'s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
Simply Wall St.36d agobullish
What Broadcom (AVGO)'s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders

In June 2026, OpenAI and Broadcom announced Jalapeño, OpenAI’s first custom large language model inference accelerator, co-developed with Broadcom and Celestica and already running GPT‑5.3‑Codex‑Spark workloads at production target frequency and power. By tightly co-designing Jalapeño around real-world LLM needs and pairing it with Broadcom’s Tomahawk networking and system integration, the partners are effectively building an AI compute stack that could reshape how hyperscalers source and...

Broadcom (AVGO) Launches $35 Billion AI Platform With Apollo Blackstone And Anthropic
Simply Wall St.42d agoneutral
Broadcom (AVGO) Launches $35 Billion AI Platform With Apollo Blackstone And Anthropic

Broadcom, Apollo and Blackstone have launched the AI XPV Platform to support over 20 gigawatts of AI compute capacity through 2028. The initiative includes an initial $35b tranche focused on large scale deployment of Anthropic’s compute infrastructure. The platform is built around Broadcom’s XPUs and networking products, targeting hyperscale AI data centers. For investors tracking NasdaqGS:AVGO, this move adds a fresh operational layer to the Broadcom story that goes beyond recent share...

Reuters55d agoneutral
KKR launches $10 billion AI infrastructure company with Nvidia, Vistra

A KKR-led group on Thursday launched a new company with more than $10 billion in committed ‌capital to finance the build-out of AI infrastructure, ‌the latest effort by an alternative asset manager to capitalize on growing demand ​for AI services. The Kuwait Investment Authority, AI chip giant Nvidia and utility firm Vistra are anchor investors in the company, called Helix Digital Infrastructure, which is led by former Amazon Web ‌Services CEO Adam Selipsky. Nvidia will help Helix with its expertise in designing AI data-centers, while Vistra will be the preferred power provider.

Intel Lands AI Partnership With Apple Supplier Foxconn. Why the Stock Is Falling.
Barrons.com62d agobearish
Intel Lands AI Partnership With Apple Supplier Foxconn. Why the Stock Is Falling.

Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.

Broadcom (AVGO) Launches New Wi-Fi 8 and Broadband Chips to Strengthen Networking Portfolio
Insider Monkey63d agoneutral
Broadcom (AVGO) Launches New Wi-Fi 8 and Broadband Chips to Strengthen Networking Portfolio

Broadcom Inc. (NASDAQ:AVGO) ranks among the best most active stocks to buy according to hedge funds. On May 27, Broadcom Inc. (NASDAQ:AVGO) introduced a series of new systems-on-chip products for Wi-Fi 8 routers and mesh systems. Dubbed the BCM6772, BCM6774, and BCM6776, the devices combine application processors, network processors, Wi-Fi airwaves, and multi-gigabit Ethernet elements […]

Broadcom Inc (AVGO) Launches Broadband Chip With AI Capabilities
Insider Monkey65d agoneutral
Broadcom Inc (AVGO) Launches Broadband Chip With AI Capabilities

Broadcom Inc (NASDAQ:AVGO) is one of Renaissance Technologies’ top semiconductor stock picks. Broadcom shares have gained more than 20% year-to-date and soared around 80% over the past 12 months. On May 26, Broadcom Inc (NASDAQ:AVGO) announced the launch of a new broadband technology designed to support AI applications and next-generation home networks. The company introduced […]

Broadcom (AVGO) Valuation Check As AI Infrastructure Partnerships And Product Launches Gain Momentum
Simply Wall St.65d agobullish
Broadcom (AVGO) Valuation Check As AI Infrastructure Partnerships And Product Launches Gain Momentum

Broadcom (AVGO) has become a central AI infrastructure stock after a run of product launches and partnerships, including its 50G PON home gateway SoC with integrated AI and a new FuriosaAI collaboration. See our latest analysis for Broadcom. Those AI focused product launches and partnerships are landing against strong price momentum, with Broadcom’s 90 day share price return of 40.13% and a 1 year total shareholder return of 86.06% signalling that enthusiasm has been building over time. If...

Broadcom (AVGO) Launches VCF 9.1 to Accelerate Production AI in Private Clouds
Insider Monkey89d agoneutral
Broadcom (AVGO) Launches VCF 9.1 to Accelerate Production AI in Private Clouds

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy for the next 15 years. On May 5, Broadcom announced the launch of VMware Cloud Foundation/VCF 9.1, a unified private cloud platform designed to provide a secure and cost-effective infrastructure for production AI. This updated version addresses the growing industry shift toward private cloud […]