Tag: Broadcom Inc.

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Meta Stock Analysis: Why Citi Sees Catalyst Despite OpenAI Competition

Meta Platforms shares have been range-bound since July earnings, but Citi analysts see catalysts emerging. Despite OpenAI’s Sora video app competition, Meta’s core ad business shows strength with budget share gains and ad load growth potential.

Meta Platforms stock has been trading in a tight range since its post-earnings surge in late July, but one Wall Street firm sees catalysts emerging that could break the stalemate. Citi analysts have placed a 90-day catalyst watch on the social media giant, maintaining their $915 price target despite competitive pressures from OpenAI‘s recently launched Sora video generation app.

Meta’s Range-Bound Trading Pattern

by Tyler Brooks P.E
Arts and EntertainmentSemiconductors

** OpenAI Broadcom AI Chip Partnership: Custom Accelerators Challenge Nvidia Dominance

** OpenAI and Broadcom announce joint development of custom AI accelerators, marking a significant shift in AI infrastructure strategy. The partnership follows recent deals with Nvidia and AMD as OpenAI seeks to control computing costs and scale its ambitious AI development plans. **CONTENT:**

OpenAI has entered a groundbreaking partnership with Broadcom Inc. to jointly develop and deploy custom artificial intelligence accelerators, signaling a strategic shift toward controlling its computing destiny amid soaring AI infrastructure costs. The announcement comes just weeks after the AI research company revealed massive deals with Nvidia and AMD, highlighting the intense competition for computing resources needed to power next-generation artificial intelligence systems.

by Megan Carter