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Broadcom rose more than 3%, reaching a high of $265.43, hitting a new all-time high with a total market value exceeding $1.24 trillion. On the news front, Broadcom announced yesterday that it has begun shipping its latest data center switch chip, Tomahawk 6, claiming that its Ethernet switching capacity reaches 102.4 terabits per second, which is twice the bandwidth of any Ethernet switch on the market. This chip is designed specifically for the demands of data centers running AI processor clusters.
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