Broadcom launches high-speed data center switches; shares rise

** Shares of networking and custom AI chipmaker Broadcom AVGO rise 2.3% to $348.34

** AVGO announces availability of Brocade X8 Directors and G820 56-port switch, designed as advanced fibre channel platforms that act as a bridge between enterprise storage and modern data center infrastructure

** Brocade Gen 8 is embedded with SAN (storage area networks) AI technology, which automates infrastructure management and optimizes performance, AVGO says

** AVGO says Brocade Gen 8 portfolio is designed to be quantum-safe, protecting sensitive data and critical infrastructure from future quantum computers

** Up to last close, stock had risen ~47% this year