Gaming Stock Set to See Major Boost from Top Chipmaker Endorsement

Hello and welcome to the Tech Stock Insider, the twice-weekly newsletter covering the biggest opportunities in the tech world.

Today, we’ll look into the latest tech news, highlight some recent movers, and investigate an under-the-radar tech stock with potential.

AI Infrastructure

Broadcom Breaks AI Barriers With the World’s Fastest Networking Chip

Broadcom (NASDAQ: AVGO) has launched the Tomahawk 6, a data center networking chip capable of delivering 102.4 terabits per second of Ethernet switching capacity. This sets a new industry benchmark, doubling the bandwidth of any current Ethernet switch and directly targeting the communication needs of modern AI infrastructure.

The chip is designed for hyperscale data centers that manage increasingly complex workloads and interconnect tens of thousands of GPUs. Broadcom says it can support topologies scaling to over a million GPUs, addressing a growing challenge in AI training and inference: communication lag across massive compute clusters.

Beyond raw bandwidth, Tomahawk 6 is engineered for power efficiency, helping operators manage rising energy demands while maintaining speed and reliability. This becomes critical as data centers strive for tighter operational margins and environmental sustainability.

Broadcom is positioning the chip not just for AI training clusters but also for high-performance computing (HPC) setups and large-scale cloud environments where internal data movement is a bottleneck.

Rather than focusing solely on computing horsepower, the industry is increasingly recognizing that network architecture is a limiting factor. Broadcom’s latest move signals that solving infrastructure friction is just as important as chip speed when it comes to scaling AI.

The company expects deployments across Tier 1 cloud providers and AI-specialized firms in the near term.

Mobile Apps

Mobile Game Changer: Adobe Photoshop Arrives on Android

Adobe (NASDAQ: ADBE) is expanding its reach with the launch of a dedicated Photoshop app for Android. The move brings powerful AI image editing tools, including Generative Fill and Generative Expand, to mobile users for the first time, completely free during the beta period.

Android users with devices running Android 11 or later and at least 6GB of RAM can now access many of the same Photoshop features previously limited to desktops. These include advanced selection tools, layers, masks, and even the viral AI-powered functions that allow users to add or remove objects from images with photorealistic precision.

For Adobe, this isn’t just about app access. It’s a strategic bet on mobile-first content creators and AI-driven workflows. By lowering the entry barrier to its core software, the company is effectively establishing a presence across the creative pipeline—desktop, web, and now mobile.

The Android expansion also helps Adobe compete directly with lightweight, AI-enhanced design tools that have grown popular among younger users and social-first designers.

Mobile editing is no longer a niche use case; it has become a mainstream approach. With this release, Adobe signals that serious creative work can now start and finish on a smartphone. It also opens the door to onboarding a wider, more casual audience into Adobe’s long-term ecosystem.

Photoshop Mobile is available now on the Google Play Store for free. iOS availability rolled out earlier this year.

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Fintech

PayPal Drops Google Wallet in the U.S. as Digital Payment Rivalries Heat Up

PayPal (NASDAQ: PYPL) will discontinue its U.S. integration with Google Wallet on June 13, effectively ending users' ability to make payments via linked PayPal accounts. New links have already been disabled since April.

Google confirmed the move on its support page, stating that existing PayPal accounts will be automatically unlinked. Users with PayPal-branded debit Mastercards will remain unaffected. The change impacts only the U.S., with Germany continuing to support PayPal integration.

For PayPal, dropping integration with Google Wallet may reflect a shift toward building direct consumer relationships and reinforcing its own mobile wallet ecosystem, especially as it expands contactless payment features globally.

Reducing reliance on external integrations could streamline customer data control and pave the way for deeper AI and personalization inside the native PayPal app.

Google Wallet has steadily grown its bank partnerships and now supports a wide range of payment methods. That reduces the need for external wallet connectors, such as PayPal. But the removal still creates friction for U.S. users who relied on the convenience of dual-platform access.

The change shows how big payment companies like PayPal and Google are starting to go their own separate ways instead of working together. As more people use phones to pay, each company wants users to stick to their own apps and services.

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Everything Else

• Speedata, a tiny chipmaking startup, raised $44 million in a Series B round as the upstart seeks to disrupt Nvidia’s industry dominance. 

• Klarna is breaking through its buy-now/pay-later bubble after announcing plans to expand its scope into more traditional banking services ahead of its anticipated (as of yet undated) IPO.

• Kuwait’s sovereign wealth fund is the latest big-money AI investor after inking a $30 billion deal with Microsoft to fund global tech infrastructure development. 

• Elon Musk drama isn’t impacting his ability to raise substantial cash after Neuralink received a $650 million fresh capital infusion. 

• Morgan Stanley is leading the charge in digital transformation as it leverages bespoke AI models to update outdated and legacy software systems.