Why Broadcom (AVGO) Stock Is Up Today

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.3% in the afternoon session after Meta reported fourth quarter earnings and announced plans to scale up its deployment of MTIA (Meta Training and Inference Accelerator) chips, developed in partnership with Broadcom, to optimize cost. Currently used for ad and organic content workloads, these custom chips will expand to AI training tasks, including generative AI, by 2026. To get a picture of how significant these investment   [#item_con

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.3% in the afternoon session after Meta reported fourth quarter earnings and announced plans to scale up its deployment of MTIA (Meta Training and Inference Accelerator) chips, developed in partnership with Broadcom, to optimize cost. Currently used for ad and organic content workloads, these custom chips will expand to AI training tasks, including generative AI, by 2026. To get a picture of how significant these investment

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FIXEDD

FIXEDD began as a personal website with a focus on construction topics. As it evolves, FIXEDD aims to become a valuable resource for AEC professionals, providing current industry news, software updates, and expert advice. With a vision to grow and make an impact.

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