$AVGO (+8.33%) enters into a partnership with OpenAI to develop AI accelerators. The first hardware is to be delivered from 2026. In doing so, they are directly attacking the dominance of $NVDA (-3.33%) in this market.
Broadcom CEO Hock Tan has already confirmed a major customer with orders worth over 10 billion US dollars. According to Bloomberg, this is OpenAI.
In the third quarter, Broadcom exceeded expectations in terms of turnover and profit and gave an optimistic outlook for the fourth quarter.
