Broadcom is firing on all cylinders, and Wall Street can't get enough of the stock

Broadcom shares hit an all-time high during Monday's trading session after the emergence of another encouraging sign that the company's custom chips are all the rage on the AI scene. The newest development comes from the tech website, The Information, which said Microsoft could be looking to move its custom chip business from Marvell Technology to Broadcom. The report is the latest in a string of recent good news for Broadcom, which delivers quarterly earnings after Thursday's close. Shares of Marvell were understandably falling more than 7%. Also weighing on Marvell stock was a note from Benchmark, in which the analysts call out with a "high degree of conviction" that Amazon may also be looking to move the development of future generations of its Trainium chips away from Marvell to AIchip