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Express News | Broadcom Shares Are Trading Higher Following a Report Suggesting OpenAI Is in Talks With the Company About Developing a New Chip
U.S. semiconductor stocks have evaporated over $500 billion! Wall Street is not scared off: the fundamentals are sound.
The volatility of semiconductor stocks in the US market may continue, but the fundamentals are still intact.
Foreign Headlines: US jobless claims hit their highest level since August last year. OpenAI releases a smaller and cheaper version of their flagship AI model.
The headline news that global financial media focused on last night and this morning mainly includes: US mortgage rates have fallen for the second consecutive week, easing the pressure on homebuyers. According to a statement from Freddie Mac on Thursday, the average interest rate for 30-year fixed-rate mortgages is 6.77%, the lowest since mid-March, lower than last week's 6.89%. According to Redfin Corp., borrowing costs are falling from their highs, helping to push down monthly housing payments from record highs. Redfin also said that buyers are benefiting from increased supply, with total housing listings approaching approximately.
Ultraman is building a 7 trillion chip empire? OpenAI and Broadcom may collaborate to develop AI chips.
The media reported that OpenAI is trying to create its own chips, recruiting former Google AI chip-related employees to develop an AI server chip. OpenAI CEO Altman plans to establish a new company with external investors to bear the cost of building a new datacenter to accommodate the new ai chip.
Broadcom Options Spot-On: On July 18th, 559.11K Contracts Were Traded, With 3.52 Million Open Interest
On July 18th ET, $Broadcom(AVGO.US)$ had active options trading, with a total trading volume of 559.11K options for the day, of which put options accounted for 51.74% of the total transactions, and
Express News | Broadcom Shares up 1% in Volume Spike Following Report It Has Discussed Developing New AI Chip With OpenAI