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Broadcom (AVGO) Gains as OpenAI Taps It for Custom AI Chip, Nvidia (NVDA) Faces New Competitor

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The Story

News Summary

  • OpenAI unveiled its 'Jalapeño' inference chip, manufactured by Broadcom and TSMC, showing efficiency gains over Nvidia systems.
  • While competitive in inference, Nvidia retains dominance in training and its CUDA ecosystem.
  • Broadcom benefits significantly from its partnership with OpenAI.
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AVGO price history

346.39 -9.53% over the displayed period

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