Apple ($AAPL) Collaborates with Broadcom ($AVGO) on AI Chip Development Ahead of Earnings

Apple Inc. is reportedly collaborating with Broadcom Inc. to develop an artificial intelligence (AI) chip, according to a recent report by The Information. This partnership comes as Apple prepares for upcoming earnings, which some analysts suggest may not meet expectations. The announcement has implications for both companies, particularly as Broadcom's stock has seen a price range between $170 and $177.50 recently. The collaboration highlights Apple's ongoing investment in AI technology as it seeks to enhance its product offerings.