Broadcom Built OpenAI’s First Chip in Record Time, but the Money Went Elsewhere

Broadcom (AVGO) and OpenAI have unveiled Jalapeño, OpenAI’s first custom AI chip, and the launch gives the Broadcom-OpenAI partnership a central seat in the AI infrastructure race. Yet positioning data tells a more cautious story, because money flow and relative strength show large investors quietly favoring rivals like Micron and AMD, even as the headlines
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