WS #11536
Apple and Broadcom extend custom-chip partnership through 2031, with Broadcom supplying AI ASICs for Apple's dedicated AI server chips expected by 2027, bullish for AVGO and AAPL. Microsoft cuts 4,800 jobs (3,200 in Xbox) as part of a major restructuring, citing unhealthy margins and a hardware crisis, with MSFT stock down 1% and 23% YTD.
Apple-Broadcom AI Chip Partnership
Apple and Broadcom extend custom-chip partnership through 2031, with Broadcom supplying AI ASICs for Apple's dedicated AI server chips expected by 2027, bullish for AVGO and AAPL.
Microsoft cuts 4,800 jobs (3,200 in Xbox) as part of a major restructuring, citing unhealthy margins and a hardware crisis, with MSFT stock down 1% and 23% YTD.