Why chip Is Trending Today?

Broadcom has launched the Tomahawk Ultra, a new networking chip designed to challenge Nvidia's dominance in AI networking solutions. Meanwhile, discussions are ongoing about potentially supplying Tomahawk missiles to Ukraine and Germany, with experts suggesting they could significantly impact the Russia-Ukraine war.

**Summary:** Microsoft receives an upgrade from Oppenheimer due to its AI and cloud momentum, with a price target of $600. The company is also expanding its services, including adding Xbox to Naver membership benefits and enhancing Microsoft Edge's performance. Meanwhile, UK Prime Minister Starmer and French President Macron are discussing immigration and small boat crossings, with Macron defending a "grand program" against the US. In cryptocurrency news, Cronos (CRO) surges after being included in Truth Social's Crypto Blue-Chip ETF.