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News  ›  The Motley Fool

Why Broadcom Stock Jumped 12% in October

The Motley Fool Logo The Motley Fool By Timothy Green
Why Broadcom Stock Jumped 12% in October

Broadcom signed a massive AI chip collaboration deal with OpenAI to develop custom AI accelerators consuming 10 gigawatts of power, potentially generating $150-200 billion in revenue by 2029.

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AVGO   positive

Stock gained 12% in October due to significant AI chip deal with potential massive revenue generation and strategic positioning in AI technology market