Broadcom Debuts New 50G PON Chips: What To Know
Portfolio Pulse from Erica Kollmann
Broadcom Inc. (NASDAQ:AVGO) has launched new 50G PON chips, BCM68660 and BCM55050, designed to enhance AI and ML capabilities at the edge for telecom operators. These chips aim to provide cost and power savings, enabling future-proof 50G fiber broadband networks. Broadcom will showcase its AI infrastructure solutions at the 2024 OCP Global Summit. Broadcom shares have risen over 30% in the past month, trading above the 50-day moving average.
October 08, 2024 | 4:44 pm
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Broadcom's launch of 50G PON chips is a strategic move to enhance AI and ML capabilities at the edge, offering telecom operators cost-effective solutions for 50G fiber broadband. This innovation could drive demand and support Broadcom's stock price, which has already seen a significant rise.
The introduction of new 50G PON chips positions Broadcom as a leader in AI and ML edge solutions, potentially increasing demand for its products. The stock's recent 30%+ rise indicates positive market reception, and the upcoming showcase at the OCP Global Summit could further enhance investor sentiment.
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