$RUNWAY · Apple, Broadcom Expand Custom Chip Partnership | Bloomberg Tech 7/06/2026

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extracted intelligence

Bloomberg Tech

Apple, Broadcom Expand Custom Chip Partnership | Bloomberg Tech 7/06/2026

2026-07-06 · 14 company · 10 thematic

sentiment

8 bull1 bear5 neu

speakers

cristóbal valenzuela

Leads AI video generation company expanding globally with $300M investment, Lionsgate partnership, and Hollywood-wide adoption of generative video tools.

eric

Host of the a16z podcast interviewing Meta CMO Alex Schultz and former Meta growth leader Antonio Garcia Martinez about digital advertising, AI, and Meta's strategy.

lauren cassidy

CIO bullish on multi-decade AI inference chip demand, SpaceX vertical integration thesis including orbital data centers, and founder-led public equity outperformance via FFF ETF.

mark gurman

Managing editor for Bloomberg's consumer technology team and chief correspondent covering Apple and consumer hardware. He reports on product strategy, devices, and the technology supply chain.

janet mui

Market strategist who views semiconductor pullback as healthy consolidation, favors hyperscalers at low-20s multiples, and sees SK Hynix listing diverting flow from Micron.

jason schreier

Games industry reporter who detailed Microsoft's Xbox restructuring: 3,200 job cuts, studio divestitures, and Game Pass plateau post-Activision acquisition.

quote

“I THINK THE QUESTION OF WHETHER AI WILL BE USEFUL IN CREATING CONTENT IN HOLLYWOOD WAS A QUESTION TWO YEARS AGO AT THE MOST. I THINK THESE DAYS, IT IS COMMON TO ASSUME EVERY COMPANY, EVERY STUDIO IS USING AI SOMEHOW.”

—cristóbal valenzuela

now playing · $RUNWAY

$RUNWAYbullish· high· poscristóbal valenzuela

Runway invests $300M in global expansion as Hollywood fully adopts AI video

AI video generation has crossed the adoption chasm in media production; Runway is scaling research and go-to-market teams globally with studio partnerships like Lionsgate equity d…

$ONDS···bullish· high· poseric

Ondas acquires DZYNE for $875M to build autonomous defense platform

Early innings of massive unmanned systems adoption cycle; Ondas is industrializing drone supply chains and integrating persistent ISR with counter-drone capabilities for Pentagon…

$NVDA···bullish· high· poslauren cassidy

Nvidia A100 GPUs from 2020 still in use, proving inference-era chip longevity

AI accelerator assets have decade-long useful lives for inference workloads, creating sustained demand for chip stocks beyond training capex cycles.

$FFFbullish· medium· poslauren cassidy

Founders 100 ETF (FFF) tracks 100 largest US-listed founder-led companies with quality screens

Founder-led public companies with strong balance sheets, cash flows, and reasonable valuations outperform; the ETF applies fundamental quality filters to the founder premium.

$SPCX···bullish· high· poslauren cassidy

SpaceX vertical integration thesis: own chips, Grok LLM, Starlink, orbital data centers

Elon Musk's vertical integration across chips, memory, LLMs (Grok), real-time data (X), communications (Starlink), and launch (SpaceX) enables low-cost orbital data centers with n…

$AVGO···bullish· highmark gurman

Broadcom extends Apple custom chip partnership through 2031 for AI server ASICs

Broadcom will develop custom ASIC chips for multiple generations of Apple's new AI server infrastructure, marking a major expansion beyond handset components into high-value data…

$000660.KS···bullish· highjanet mui

SK Hynix US ADR listing offers pure-play memory access to US investors

SK Hynix's $28B US listing provides American investors first direct access to the leading HBM memory maker, with fungibility constraints likely keeping ADRs at a premium to Korean…

$MU···neutral· mediumjanet mui

Micron faces demand diversion risk from SK Hynix US listing amid memory cyclicality debate

While memory makers generate record profits now, investors may be over-extrapolating cyclical peaks; SK Hynix's US listing could divert flow from Micron as the new pure-play alter…

$MSFT···bearish· highjason schreier

Microsoft cuts 20% of Xbox staff and divests studios in strategic reset

Xbox's hardware-software flywheel has failed for a decade; the $69B Activision acquisition hasn't grown Game Pass, forcing a restructuring to return to growth.

$LMT···neutral· lowed ludlow

Lockheed Martin acquiring space properties amid $2T defense tech arms race

Legacy defense primes are buying space and autonomous capabilities to compete in the new AI/drone/hypersonic arms race led by US and China.

$AAPL···bullish· mediumanurag rana

Apple to increase capex for AI server buildout with custom Broadcom chips

Apple's new private cloud infrastructure for AI features will require significant capex increases, funded by custom Broadcom server chips rather than merchant Nvidia GPUs.

$GOOGL···neutral· lowanurag rana

Google's custom TPU chips referenced as model for Apple's server silicon strategy

Hyperscalers like Google and Amazon building custom AI chips sets precedent for Apple's Broadcom partnership.

$AMZN···neutral· lowanurag rana

Amazon's custom Trainium/Inferentia chips cited as hyperscaler custom silicon precedent

Amazon's in-house AI chip development validates the custom silicon path Apple is pursuing with Broadcom.

$RDDT···neutral· lowed ludlow

Reddit deploys AI to detect and reduce AI-generated marketing content by 20%

Platforms are using AI to combat AI-generated spam, cutting user exposure to inauthentic posts.