AI Stocks Alert: Broadcom, ByteDance Partner Up on AI Chip Deal
Broadcom(AVGO) Investor Place·2024-06-24 17:18Broadcom (NASDAQ:AVGO) and Bytedance are leading artificial intelligence (AI) stocks news on Monday following news of a partnership to develop new chips.According to insiders, Broadcom and Bytedance are working together to develop advanced 5-nanometer AI chips. This comes as Bytedance has bought 5-nanometer chips from Broadcom in the past.Investors will also note that the reports claim that Taiwan Semiconductor (NYSE:TSM) is going to manufacture the chips for the companies. The reports also claim that these ...