OpenAI reportedly plans to buy $GOOGL TPUs, right as $ORCL signs a deal to become the first external cloud to rent them out. ​Google’s custom chips are no longer locked inside Google Cloud. ​Nobody is walking away from $NVDA, but frontier labs can't afford to rely on a single hardware vendor anymore. They need every gigawatt of compute they can get, and they need cheaper inference. ​Big validation for custom ASICs and a major tailwind for $AVGO as the multi-chip era scales up. This is exactly why I’ve been accumulating $AVGO on the recent dip ($320s–$330s). ​Simple logic: when every tech giant is racing to build custom chips to lower their compute costs, you buy the company building the custom chips. After defending support last week and reclaiming $340 today, the setup looks primed for a run back to $400 by EOY.