Broadcom Inc. (NASDAQ:AVGO) is one of the most promising growth stocks to buy now. On June 9, Broadcom Inc. (NASDAQ:AVGO) announced it is teaming up with Apollo Global Management and Blackstone’s credit and insurance business to launch an artificial intelligence infrastructure platform.
AI XPV Platform will enable more than 20 gigawatts of compute capacity by 2028. Backed by an initial $35 billion in financing, the platform is to employ Broadcom’s chips and networking solutions to support AI-focused companies.
The $35 billion tranche is to support anthropic capacity expansion of more than 1 gigawatt of compute infrastructure. The platform will also establish a framework for future deployments of XPU-based compute capacity and networking infrastructure. The ultimate goal is to lower the cost and power requirements of AI model training and inference.
Apollo and Blackstone’s participation in the project underscores the growing role of private equity in financing and enhancing the buildout of digital infrastructure.
Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies a massive range of semiconductor and enterprise infrastructure software. Operating as a foundational pillar of modern computing, it is roughly split into two primary areas: hardware and software.
While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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