Broadcom Inc. shares were falling more than 6% in premarket trading Thursday after a report indicated that executives at Google have thought about ditching the company as its supplier of artificial-intelligence chips.
Executives at Google, part of Alphabet Inc. GOOG, -3.05% GOOGL, -3.12%, have “extensively discussed” making the move as soon as 2027, the report stated. See also: Intel’s stock leads Dow decliners for second straight day, as cost-savings goals could stretch out further“Losing the TPU design would be a multibillion-dollar annual impact to Broadcom,” Wells Fargo analyst Aaron Rakers wrote Thursday morning.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: