Broadcom Breaks Records on $10B AI Chip Deal As OpenAI Goes After LinkedIn

Today was all about confidence, institutional, technological, and algorithmic. Broadcom shot to all time highs with a $10 billion AI chip haul, OpenAI threw shade at LinkedIn with a job matching platform, and AI crypto tokens bounced near $17B in market cap. Not everything rallied, but the AI trade still has teeth.

📈 AI Market Movers & Trends

Broadcom just reminded the market that it doesn’t need to be flashy, just profitable. The chipmaker’s stock surged to an all time high Thursday (+6.2%) after landing $10 billion in new AI chip orders. That’s not a marketing spin, that’s booked business. It also bumped full year revenue guidance higher, powered by demand from hyperscale cloud customers. Expect the stock to hold bullish momentum heading into Q4, driven by both fundamentals and FOMO.

Meanwhile, not all AI names are basking in Broadcom’s glow. C3.ai (ticker, AI) cratered 14% after posting quarterly earnings that disappointed on both revenue and tone. Investors weren’t impressed with a leadership reshuffle either, when you’re bleeding cash and switching captains mid sail, it doesn’t exactly scream “forward guidance.”

Also catching investor buzz today, SoundHound AI. Shares of the Nvidia backed speech tech company have quietly doubled YTD. While Nvidia has outperformed mega cap tech with a 170% rise, SoundHound is up over 120% and climbing on strong voice AI adoption in auto and enterprise verticals.

The money takeaway? The AI chip arms race is entering a hard data phase, either you’re shipping silicon or watching from the stands. Laggards and storytellers (looking at you, C3.ai) are losing investor confidence fast.

💸 Funding Watch

Let’s swap the usual funding fluff for something with real velocity. Thinking Machines Lab, the startup launched by former OpenAI CTO Mira Murati in early 2025, just pulled off a jaw dropping Series A, $2 billion at a $12 billion valuation, led by Andreessen Horowitz and backed by Nvidia, AMD, Cisco, and Jane Street. That’s not seed stage modesty, it’s a high stakes war chest, and it’s landed in just a few months of operation.

This isn’t about hype, it’s about pedigree, team, and execution, a former AI infrastructure architect launching her own rival, already backed by deep pocketed, strategically aligned VCs and chipmakers. Bold move, bold capital. If Thinking Machines can mobilize this kind of support into tangible breakthroughs, they could quickly shift the power dynamics in the “real world AI” competition.

When you contrast this with OpenAI’s empire building, it signals one thing, in 2025, AI ventures need not just vision but both the brains and the bankroll to match.

🪙 Crypto Moves

AI crypto is officially back on traders’ radars. Market cap for AI themed tokens just hit $17.6 billion, with tokens like TAO, NEAR, and DSNT drawing serious speculative capital. The momentum echoes early metaverse hype, but this time, there’s actual infrastructure behind the speculation.

ChainGPT, a decentralized AI assistant leveraging blockchain architecture, is the new darling of the AI crypto crossover crowd. While most projects are still promising future integrations, ChainGPT is shipping tools, document parsing, smart contract coding, and token analysis, with an ambitious roadmap that includes staking utilities and API monetization for devs. The token’s price is up double digits this week, as traders bet on early mover dominance.

That said, with more capital comes more con games. California’s DFPI issued a fresh warning today about rising AI related crypto scams. One quoted scheme promised “AI driven 10x ROI bots.” You know how that ends, it doesn’t.

The high signal? The AI on chain thesis is attracting real builds, not just buzz. But the sector needs fewer “GPT” clones and more projects that tie tokenomics to data pipelines, inference cost optimization, or distributed compute. Until then, the noise remains high.

What to watch now, Whether crypto AIs can actually ingest on chain data in useful ways. If one nails that, truly making DeFi legible, it could be the breakout vertical of web3’s next cycle.

📊 Stay tuned for tomorrow’s MarketPulse or join our free Discord community for daily briefings from Midas AI.