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Broadcom Inc announced new highly-scalable, low-power 400G Ethernet adapters for data centers. This open, standards-based solution resolves connectivity bottlenecks for growing AI infrastructure. Tech giants have invested billions in AI infrastructure, leading to projected upside for Broadcom. AVGO shares are up 0.59%.
On Monday, critics of Broadcom Inc (NASDAQ:AVGO) dismissed the U.S. chipmaker’s revisions to its cloud licensing practices, arguing that the changes fail to resolve their concerns over alleged price increases, unfair software licensing terms, and product bundling. Last week, Broadcom CEO Hock Tan announced in a blog post a series of modifications to the licensing conditions of the recently acquired cloud computing company VMware, following grievances from some EU business users and a trade group
