Broadcom Shares Drop 6% on Report Google May Replace Its AI Chips By 2027

Broadcom's share price fell 6% after a report Google may stop using its AI chips by 2027.
Google is considering designing its own tensor processing unit chips to potentially save billions in costs.
Google has been ramping up investments in chips as it competes with Microsoft in AI.
The report says Google also aims to replace Broadcom with Marvell for data center chips.
Broadcom is seen as a major winner so far from the AI chip boom after Nvidia.

reuters.com

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Posted 9/21/2023, 11:06:00 AM