This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. Palo Alto, California-based Broadcom is a semiconductor supplier to Apple and other major tech companies.

But it may take longer for that to happen in this tech bull market with little AI exposure beyond its large Apple holding. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications. Broadcom said $3.1 billion in sales during the current quarter could be attributed to revenue from AI products.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market, JPMorgan estimatesBerkshire Hathaway's purchase of Treasury bills has been so aggressive that the conglomerate now owns 3% of the entire market, according to JPMorgan.
Source: CNBC - 🏆 12. / 72 Read more »