Stock price plunges after stellar earnings report? Broadcom CEO: 'I never care about the stock price. If we obsess over technology, customers won’t leave. I’m bullish on the ‘Broadcom–Google–Anthropic’ iron triangle.'

Broadcom CEO Hock Tan confirmed for the first time that the company's custom AI chip developed in collaboration with OpenAI is progressing smoothly, does not require Microsoft's approval, and will enter mass production 'later this year.' He also revealed that Broadcom is deeply integrated with Google's TPU to compete against NVIDIA and has achieved remarkable technological returns from its early bet on Anthropic. Citing the insatiable demand for AI computing power, Tan projected that the company’s revenue will more than double over the next two years, adding over $50 billion, and emphasized that Broadcom will focus exclusively on organic growth for now and is not considering mergers or acquisitions.

wallstreetcn21:44 ET

Bond giants are buying bonds in preparation for an AI bubble burst.

Robert Cohen, portfolio manager at DoubleLine Capital, believes that while bond prices and valuations are not yet overheated, they will undoubtedly reach bubble levels in the coming months or years as technology companies continue to pour massive investments into AI. Investors need to seek out targets that can survive through structural arrangements or strong balance sheets.

wallstreetcn21:30 ET

Is The AI Bubble About To Burst? Top Experts Deliver Major Warning

Benzinga16:28 ET

Marvell and Flex Set to Replace Pool and Campbell's in S&P 500

Seeking Alpha12:27 ET

Busted AI Budgets at Uber, Microsoft and Nvidia Spur Hiring - Because Human Workers Are Cheaper

MarketWatchJun 6 11:55 ET

Over $1T Wiped Out as Chip Selloff Impacts Nvidia, Broadcom, Micron

Seeking AlphaJun 6 11:15 ET