The past two years have been absolutely stunning for semiconductor stocks, with the PHLX Semiconductor Sector index rising 81% during this period. Artificial intelligence (AI) played a central role in this remarkable surge.

The sales surge signals the chip maker’s continued momentum amid the artificial-intelligence boom, though investors weren't enthused.

Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which

Key Takeaways Apple is teaming with Broadcom to develop its own artificial intelligence (AI) chip, according to reports, in a move that could reduce Apple's reliance on AI chip giant Nvidia.The chip,

Apple Inc. is reportedly working with Broadcom Inc. on the development of a customized server processor that will power the artificial intelligence features built into the iPhone maker’s iOS operating system.