Broadcom Inc is in talks with Microsoft to co-design custom AI chips to meet growing demand in the market. This collaboration could boost Broadcom’s stock ahead of its Q4 results. Broadcom is a global tech firm with a market cap of $1.89 trillion and has seen a 125.99% stock gain in the past 52 weeks. The company recently reported record Q3 revenue of $15.95 billion and expects Q4 revenue of $17.40 billion with analysts projecting positive future earnings. Wall Street analysts have raised price targets for Broadcom stock, with a consensus “Strong Buy” rating and a price target of $413.14.

Read more at Barchart: This Semiconductor Giant Is in Talks With Microsoft for Custom Chips. Should You Buy Its Stock Now?