JPMorgan Maintains 'Buy' on Broadcom; Confirms Google TPU v9 On Track, Apple Deal Extended to 2031

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According to JPMorgan Chase, Broadcom received a maintained 'buy' rating on July 8, as the bank confirmed key product milestones from an investor meeting with Broadcom CEO H.C. Chen. Google's TPU v9 is proceeding on schedule for 2028 production, while Broadcom's partnership with Apple has been extended through 2031 with new AI accelerator projects added. OpenAI's next-generation XPU is expected to tape out soon. JPMorgan also noted that Broadcom's Tomahawk 6 switching chips are sold out, underscoring strong demand from leading AI model developers.
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