Chipmaker Broadcom on Tuesday announced the availability of its next-generation interface technology for connecting systems in artificial intelligence data centers. But AVGO stock fell.
Broadcom introduced its PCIe Gen 6 portfolio. PCIe, short for Peripheral Component Interconnect Express, is a high-speed interface for transferring data between computer systems.
Broadcom collaborated with Micron Technology and Teledyne LeCroy to successfully test its high-port switch and retimer for interoperability and compliance enablement to empower open AI infrastructure solutions.
Further, Broadcom is allowing early access to its PCIe Gen 6 Interop Development Platform, which simplifies interoperability and system design with its advanced telemetry and diagnostics capabilities.
"Broadcom's commitment to the open ecosystem has strengthened over six generations and we are now pleased to offer our new PCIe Gen 6 products to early access customers," Jas Tremblay, vice president and general manager of Broadcom's Data Center Solutions Group, said in a news release.
He added, "The transition from PCIe Gen 5 to Gen 6 has been challenging given the accelerated need for trusted and reliable building blocks in next-gen AI systems. We are confident that our PCIe Gen 6 switch, retimer and IDP (interop development platform) will empower our partners to successfully deploy open, scalable AI clusters."
AVGO Stock Is On Two IBD Lists
The AI industry, including hyperscalers and computer hardware makers, is now designing next-generation AI rack solutions based on the Broadcom PCIe Gen 6 connectivity portfolio, Broadcom said.
On the stock market today, AVGO stock fell 2.6% to close at 202.54. Broadcom shares have fallen for four straight trading sessions.
AVGO stock has been consolidating for the past 10 weeks at a buy point of 251.88, according to IBD MarketSurge charts. That buy point is also the stock's all-time high, reached on Dec. 16, following the company's fiscal fourth-quarter earnings report. However, Broadcom is trading beneath its 50-day moving average line, a negative sign.
Broadcom stock is on two IBD lists: Big Cap 20 and Tech Leaders.
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