US stocks surged, with Broadcom (AVGO.US) jumping nearly 12%, amid reports that the company will collaborate with OpenAI to design AI chips by 2026.

According to the Zhtng Cijng APP, on Friday, Broadcom (AVGO.US) surged nearly 12%, closing at $342.10. On the news front, sources revealed that OpenAI is preparing to design and produce its own artificial intelligence chips with the assistance of Broadcom by 2026. An anonymous source stated that the American artificial intelligence startup company plans to ship its first batch next year and compete with Nvidia's accelerators. The source also mentioned that OpenAI will initially use this chip internally.