Overview
- Investors pulled back from chip stocks after the summit ended without progress on Beijing approving Nvidia H200 shipments, and Broadcom traded lower.
- U.S. Trade Representative Jamieson Greer said semiconductors were not a primary focus in the talks, and export limits on advanced chips to China remain in force.
- Bloomberg reported that Apollo and Blackstone are discussing a potential $35 billion funding package with Broadcom to help build custom AI datacenter chips.
- A separate report said Broadcom’s OpenAI chip program faces an $18 billion first‑phase funding hurdle that hinges on a Microsoft purchase commitment.
- Analysts kept a positive long‑term view, pointing to CEO Hock Tan’s goal of more than $100 billion in 2027 AI chip sales and recent target hikes from Citi, Wells Fargo, and Goldman Sachs.