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AVGO Soars on OpenAI Chip Deal, TSLA's $1T Pay Package for Musk

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Manage episode 504646625 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Broadcom (AVGO) was initially lower after its earnings, until it announced a $10 billion chip order deal with OpenAI. As Alex Coffey explains, the custom chip developer will create semiconductors for the ChatGPT parent. Nvidia (NVDA) moved lower on the announcement. Alex makes the case that is shows, "what is good for one company may no longer be good for the other." He also turns to Tesla (TSLA) and its bombastic $1 trillion pay package it has planned for CEO Elon Musk. However, for Musk to get that money, he needs to ensure Tesla becomes the most valuable company in the world.

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7254 episodes

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Manage episode 504646625 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Broadcom (AVGO) was initially lower after its earnings, until it announced a $10 billion chip order deal with OpenAI. As Alex Coffey explains, the custom chip developer will create semiconductors for the ChatGPT parent. Nvidia (NVDA) moved lower on the announcement. Alex makes the case that is shows, "what is good for one company may no longer be good for the other." He also turns to Tesla (TSLA) and its bombastic $1 trillion pay package it has planned for CEO Elon Musk. However, for Musk to get that money, he needs to ensure Tesla becomes the most valuable company in the world.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

  continue reading

7254 episodes

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