Broadcom Shares Rise 2.6% on Meta AI Deal

Broadcom shares jumped 2.6% in after‑hours trading after announcing a multi‑year AI chip partnership with Meta.
The agreement has Broadcom supplying technology for Meta’s Training and Inference Accelerator chips, with an initial commitment exceeding 1 GW through 2029.
The partnership will power Meta’s AI data centres for generative‑AI features on WhatsApp, Instagram and Threads via Broadcom’s XPU platform.
CEOs Hock Tan and Mark Zuckerberg said the collaboration lays the foundation for future generations of personal superintelligence.