Zinger Key Points
- Google is reportedly planning to partner with Taiwan's MediaTek as it seeks out cheaper chips.
- The two companies will partner to work on the next version of Google's AI chips expected sometime next year.
- Our government trade tracker caught Pelosi’s 169% AI winner. Discover how to track all 535 Congress member stock trades today.
Broadcom Inc AVGO shares are trading lower Monday following reports indicating that Alphabet Inc GOOG is preparing to partner with MediaTek.
What To Know: According to a report from The Information, Google is planning to partner with Taiwan’s MediaTek as it seeks out cheaper chips.
The report indicates that the two companies will partner to work on the next version of Google’s AI chips, Tensor Processing Units. The chips are expected to be made next year.
Google has used Broadcom as its chip designer over the past several years. Google hasn’t yet cut ties with Broadcom, according to Reuters.
The report indicates that Google decided to go with MediaTek in part because the company charges less per chip compared to Broadcom. Google also reportedly likes that MediaTek has a strong relationship with Taiwan Semiconductor Manufacturing Company Ltd TSM.
Check This Out: Huawei Develops In-House Chips To Counter US Sanctions, Leap Ahead In The Tech War
AVGO Stock Prediction 2025
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
For Broadcom, the 200-day moving average sits at $181.69, according to Benzinga Pro, which is below the current share price. For more on charts and trend lines, see a description here.
AVGO Price Action: Broadcom shares were down 1.51% at $192.58 at the time of publication Monday, according to Benzinga Pro.
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