Posted 3/20/2024, 8:00:37 PM
Broadcom Unveils New AI Infrastructure Offerings, Stocks Rise on Generative AI Focus
- Broadcom unveiled new AI infrastructure offerings at investor meeting, including Ethernet switches, chips, and fabric
- Offerings aim to help providers scale AI workloads across networks and thousands of processors
- Broadcom focused on open, low power solutions that can handle increasing demand for generative AI
- Barclays set $1,405 price target on Broadcom stock, citing its position in "second wave of AI"
- Other chip stocks like AMD and Super Micro slightly down while Broadcom rose 3% on its AI announcements