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Barchart

Mark R. Hake, CFA

HISTORICAL FACTS: Could broadcom benefit from the openai amd deal avgo stock could be cheap here - The Untold Story

AVGO OpenAI Broadcom AMD Barchart

Broadcom, Ltd. (AVGO) could benefit from OpenAI's diversification away from its sole reliance on Nvidia Corp (NVDA). This is evident in today's massive AI chip deal with Advanced Micro Devices (AMD). It's possible, especially after the Sept. 4 OpenAI deal with Broadcom. AVGO stock could be an alternative play.

AMD stock is up 27%, and NVDA is down slightly, but AVGO is flat at $339.04.

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