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Broadcom’s Apple Deal Powers AI Growth | Durham News
Broadcom just sealed a $30B+ multi-year deal with Apple to supply chips for iPhones and other devices, including a $1.5B investment in a U.S. facility—timing perfectly as its stock surged 5% on the news. Beyond Apple, Broadcom powers AI chips for Google and OpenAI and critical networking gear for data centers, making it nearly impossible for clients to switch. AI semiconductor revenue jumped 140% YoY, with even bigger growth forecasted next quarter—possibly the largest single-quarter gain ever for a semiconductor firm. Analysts are watching closely, raising targets as Broadcom emerges as a…
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