Broadcom Inc. shares rallied 3.76% following the formalization of "Project Titan," a major multi-year partnership with OpenAI to co-design custom AI accelerators.
- The collaboration establishes Broadcom as a critical architect for advanced AI models, positioning it for tens of billions in revenue from OpenAI's independent infrastructure build-out.
- The partnership aims to deploy 10 gigawatts of compute capacity utilizing the new accelerators by 2027.