Broadcom's AI Edge: 'Apples-to-Oranges Comparison' Shows ASICs Outgrowing GPUs, Says Analyst
Apple (AAPL.US) collaborates with Broadcom (AVGO.US) to develop internal AI Chips.
Apple and Broadcom are partnering to develop AI Chips, with mass production expected in 2026.
Broadcom Earnings, November PPI, Mortgage Rates: What to Watch
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
S&P 500 Gains and Losses Today: Broadcom Soars on Reports of Apple AI Chip Tie-Up
Nasdaq Closes Above 20,000 for First Time, Dow Falls After CPI Data
