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Broadcom (AVGO) inks a long-term deal with Standard Chartered to build a secure, resilient private cloud across 54 markets using VMware Cloud Foundation. The bank has already migrated ~70% of its global infrastructure to the new architecture.
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Tim Cook’s final act as Apple CEO is the company’s biggest-ever U.S. manufacturing pact: a $30B+ multiyear chip deal with Broadcom. Apple stock hit a one-month high, making it the only Magnificent Seven name near its all-time peak.
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Apple inked a $30 billion-plus chip supply deal with Broadcom, locking in production of at least 15 billion RF chips at Broadcom’s Colorado plant through 2031. Broadcom shares edged down 0.28% to $399.97 on Friday.
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Apple commits to its largest-ever U.S. manufacturing pledge with a $30 billion-plus deal for custom wireless chips from Broadcom. Shares edged lower as the market shrugged off the news.
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Broadcom and Apple extended their chip partnership through 2031, with a new focus on edge AI. Shares surged nearly 4% in Monday trading and continued climbing Tuesday.
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Broadcom (AVGO) rallied after Reuters reported the company extended its custom-chip supply agreement with Apple through 2031. Shares jumped more than 5% in midday trading.
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Broadcom shares slid over 2% in after-hours trading, but JPMorgan is standing by its lofty price target. The chipmaker is one of three semiconductor stocks that Yahoo Finance says "hold the stock market's fate in the palm of their hands."