Google May Drop Broadcom as AI Chip Supplier to Cut Costs, Shift Business to Marvell

Broadcom stock fell after a report said Google may drop Broadcom as its AI chip supplier.
Google is seeking to reduce costs and has issues with Broadcom's AI chip pricing.
Google also may shift networking chip business from Broadcom to Marvell.
Analysts say the report could be a negotiating tactic by Google for better pricing.
Shifting away from Broadcom's AI chips would be difficult given their collaboration.

investors.com

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8/22/2023

Buy Broadcom Stock During Market Dips (Technical Analysis) (NASDAQ:AVGO)

Broadcom, a significant player in the semiconductor industry, is a promising investment option due to its strong performance, focus on artificial intelligence (AI), consistent growth, and attractive valuation. The stock's technical analysis suggests a bullish trend and potential buying opportunities, although there are risks associated with competition, market volatility, supply chain disruptions, and economic uncertainties. However, investors may consider buying the stock during price dips or a surge beyond its record high to capitalize on Broadcom's growth and industry relevance.

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Broadcom Stock Drops on Rate Fears, But Analysts Still Bullish on Growth from Software and AI

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