WS #11803
Apple expands Broadcom deal to $30B+ through 2031; Meta plans to produce Broadcom-designed AI chip 'Iris' in September; bullish for AVGO and META. SK Hynix opens at $170 on Nasdaq, up 14% from IPO price, but analysts warn IPO may drain liquidity from existing AI trades like Micron.
Apple-Broadcom $30B Chip Deal & Meta AI Chip
Apple expands Broadcom deal to $30B+ through 2031; Meta plans to produce Broadcom-designed AI chip 'Iris' in September; bullish for AVGO and META.
SK Hynix opens at $170 on Nasdaq, up 14% from IPO price, but analysts warn IPO may drain liquidity from existing AI trades like Micron.