Broadcom stock jumps on Apple AI chip deal, while Nvidia's relative stock price drops

Broadcom's stock surged following a report that Apple is developing its own AI server chip with Broadcom, while Nvidia's stock fell on the news. The deal positions Broadcom as a key supplier for Apple's AI infrastructure, potentially reducing Apple's reliance on Nvidia chips.

Yahoo Finance's Josh Lipton takes a closer look at some of Wednesday's trending tickers https://finance.yahoo.com/markets/stocks/trending/ and stories, including Nvidia's NVDA https://finance.yahoo.com/quote/NVDA/ relative stock price; Broadcom's AVGO https://finance.yahoo.com/quote/AVGO/ and Apple's AAPL https://finance.yahoo.com/quote/AAPL/ AI chip deal; and travel-related stocks like Carnival CCL https://finance.yahoo.com/quote/CCL/ , United UAL https://finance.yahoo.com/quote/UAL/ , and Delta DAL https://finance.yahoo.com/quote/DAL/ .