Broadcom President and CEO Hock Tan joins 'Mad Money' host Jim Cramer to talk the recently announced deal with OpenAI, competition in the space, and more.

OpenAI has partnered with Broadcom to co-develop custom AI hardware, with 10GW of chips set to be deployed by 2029. In a statement, OpenAI said that the systems the duo are planning to develop will include AI accelerators and Ethernet solutions, with deployment targeted to start in the second half of 2026.

Shares of Broadcom ( AVGO 9.56%) surged higher on Monday, jumping as much as 10.6%. As of 12:38 p.m. ET, the stock was still up 10.2%. The catalyst that sent the networking specialist higher was word of a new partnership for its custom artificial intelligence (AI) chips.

(Reuters) -Wall Street's main indexes ended sharply higher on Monday, led by gains in Broadcom and other chipmakers, after President Donald Trump struck a conciliatory tone about renewed U.S.-China trade tensions, easing investor worries.

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The 90.4% change in Broadcom stock from 4/12/2025 to 10/9/2025 was mainly driven by a 71.0% change in the company's Net Income Margin (%).

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