NEW YORK CITY (Reuters) – Morgan Stanley has actually boosted its 12-month base instance rate …
Read More »Broadcom soars as demand for AI chips powers forecast increase
By Arsheeya Bajwa (Reuters) – Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips utilized in powering AI-focused expertise, whereas its announcement of a inventory break up added to the euphoria. The rising adoption of generative AI has been driving demand for corporations equivalent to Broadcom that present chips and networking instruments to …
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