Posted 3/6/2024, 6:08:00 PM
Broadcom Unveils New Chips to Boost AI Data Center Connections, Stock Rises
- Broadcom announced new chips to improve connections between AI processors in data centers
- The new retimer chips boost signals when transmitting data between computers
- Broadcom stock rose on the news of the new products
- Broadcom recently broke out of an ascending base pattern
- Broadcom will report fiscal first-quarter earnings late Thursday, with analysts expecting $10.40 EPS on $11.8 billion revenue