Broadcom Surges on Expanded AI Offerings, New Customers for AI Chips
• Broadcom announced expanded AI infrastructure offerings to accelerate growth and strengthen competitive position
• Benefitting from strong demand for networking products in AI data centers and adoption of custom AI chips
• Added a third customer for custom AI chips, likely to drive financials in coming years
• Stock has more than doubled in one year due to AI-related tailwinds
• Analysts bullish on prospects given factors like increased AI demand and new customer for AI chips