OpenAI, the world’s most valuable startup, announced a partnership with Broadcom, causing the chipmaker’s stock to surge nearly 10%. The deal involves co-developing AI systems from 2026-2029, boosting Broadcom shares to 2025 highs. OpenAI’s influence on stock movement is evident, with previous partnerships lifting AMD and Nvidia shares as well.

Broadcom’s CEO Hock Tan called the partnership with OpenAI a “pivotal moment” in the pursuit of artificial general intelligence. OpenAI’s CEO Sam Altman emphasized the importance of the collaboration in unlocking AI’s potential. This partnership follows a series of announcements with major tech companies, driving stock prices higher.

OpenAI’s recent partnerships with companies like AMD, Nvidia, and Oracle have led to significant stock price increases. Even a mention of a company in connection with OpenAI can cause a positive movement in its stock. After OpenAI’s recent “DevDay” event, companies like Figma and Expedia also experienced stock boosts.

Broadcom’s stock, currently trading at around $356, has surged 54% since the beginning of 2025. Despite being 9% off the Wall Street analyst’s mean target price of $389, Broadcom’s stock continues to perform well. The sustained popularity of news-driven AI trades, driven by OpenAI’s actions, continues to impact various companies’ stock prices.

Read more at Yahoo Finance: It’s Broadcom’s Turn to Get a Stock Bump From Some OpenAI News