Broadcom Taps Apollo, Blackstone for Record $35 Billion Private Credit Facility
Apollo Global and Blackstone are in talks to provide Broadcom with up to $35 billion in private credit to fuel its AI chip development and production.
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Broadcom Shares Drop as OpenAI’s Massive Custom Chip Project Faces Money Trouble
OpenAI & Broadcom chip project faces funding issues; banks want Microsoft guarantee. Deal still on, but could be delayed.
OpenAI Misses Sales and User Targets, Drags Partner Stocks Down
OpenAI missed growth targets, worrying investors as rivals rise and AI costs stay high, raising doubts about quick profits. Shares of SoftBank, Oracle, and AMD dropped sharply.
Google in Talks with Marvell to Develop New AI Chips for Faster Inference
Google is in talks with Marvell Technology to develop a new memory processing unit and an inference-optimized TPU to power its AI models more efficiently.
Meta’s MTIA AI Chip Powers Up: Broadcom Partnership Unlocks Multi-Gigawatt 2nm Rollout
Broadcom and Meta announced a multi-year partnership to power multi-gigawatts of custom MTIA AI chips through 2029.
Marvell and Texas Instruments Just Got Upgraded by Wall Street
Marvell upgraded to Overweight ($150) on booming optical growth; Texas Instruments Buy ($250) as analog chip demand rises.