Broadcom Shares Dip After Report On $18 Billion Financing Snag In OpenAI Chip Deal
The Information
•
Generative AI
AI Hardware
Broadcom’s stock dropped 2% following a report in The Information about an $18B financing snag in the chipmaker’s custom AI processor deal with OpenAI. Shares have partly recovered since then. Broadcom has stipulated it will only finance the initial phase of production if Microsoft agrees.