Key Takeaways
\nNews involving OpenAI has a tendency to move the shares of companies involved. Today’s example is Broadcom, which saw its stock jump on news of a deal with the ChatGPT maker.<\/p>\n
OpenAI isn’t publicly traded. But when it acts, stocks often move.\n<\/p>\n
On Monday, it was Broadcom’s (AVGO<\/a>) turn. Shares of the chipmaker were recently up nearly 10%, approaching 2025 highs, following an announcement that the ChatGPT maker would team with the chipmaker to co-develop AI systems for delivery from 2026 to 2029.\n<\/p>\n Today’s climb in Broadcom shares is another example<\/a> of the sustained popularity of the news-driven AI trade, which continues amid concerns about whether there’s a bubble<\/a> in the sector. It also highlights the power of OpenAI, considered the world’s most valuable startup<\/a> at about half a trillion dollars.\n<\/p>\n Why This Matters to Investors<\/p>\n One way for a stock to get a lift these days: land a mention in a press release or news report involving OpenAI, the company known for ChatGPT. Shares of Broadcom jumped Monday on just such an announcement, the latest to involve a major tech company.<\/p>\n The deal is “a pivotal moment in the pursuit of artificial general intelligence,” Broadcom CEO Hock Tan said in a statement. OpenAI chief Sam Altman called it “a critical step in building the infrastructure needed to unlock AI\u2019s potential.”\n<\/p>\n The Broadcom news follows a raft of other OpenAI announcements in recent weeks. News about a partnership with AMD (AMD<\/a>) powered that chip maker’s shares higher<\/a> in early October. And Nvidia’s (NVDA<\/a>) stock rose last month after it announced plans to invest<\/a> as much as $100 billion in OpenAI. (September reports also highlighted<\/a> a multiyear Oracle (ORCL<\/a>)-OpenAI deal worth hundreds of billions of dollars.)\n<\/p>\n And when OpenAI had a “DevDay” event earlier this month, shares of a range of companies that were mentioned\u2014including Figma (FIG<\/a>) and Expedia (EXPE<\/a>)\u2014also got lifts<\/a>.\n<\/p>\n As for Broadcom specifically, its shares recently changed hands at about $356, roughly 9% off the Visible Alpha mean of Wall Street analysts near $389. The stock has gained 54% since the start of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways News involving OpenAI has a tendency to move the shares of companies involved. Today’s example is…\n","protected":false},"author":2,"featured_media":72150,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":["post-72149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/72149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=72149"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/72149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/72150"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=72149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=72149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=72149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}