US Stock Market Move | Broadcom Inc. (AVGO.US) rose nearly 4% and deepens chip partnership with Meta.

On Wednesday, Broadcom Inc. (AVGO.US) rose nearly 4%, to $395.62. On the news front, Broadcom Inc. and Meta Platforms announced an expansion of their multi-generation strategic partnership, providing underlying technical support for the large-scale deployment of custom artificial intelligence chips under Meta. The agreement extends to 2029, marking a new stage in the deep integration of the two tech giants in the field of AI infrastructure. According to the joint statement, the first phase of the collaboration promises to deploy a scale exceeding 1 gigawatt (GW), serving as the starting point for a sustained multigigawatt expansion plan aimed at providing real-time generative AI functions and so-called "personal superintelligence" services for billions of users of applications like WhatsApp, Instagram, and Threads. This scale indicates that Meta's betting intensity on the customized silicon route is rapidly increasing, and also highlights Broadcom Inc.'s core position in the field of AI custom accelerators.