Broadcom’s Meta Pact May Mean a Billion Dollars a Year, Says J.P.Morgan

J.P.Morgan believes chip maker Broadcom will be a big beneficiary of the metaverse.

On Tuesday, analyst Harlan Sur said Broadcom (ticker: AVGO) has won several deals with Meta Platforms’ (FB) metaverse unit for artificial intelligence, video processing, and networking purposes.

“We believe that Broadcom custom chip (ASIC) design win pipeline…

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