Nvidia maintains dominance in AI chip market, Broadcom expected to report significant revenue increase

From Nasdaq: 2024-12-10 08:07:00

Nvidia (NASDAQ: NVDA) maintains dominance in AI chip market with GPUs powering popular models like ChatGPT and Llama. Data center revenue surged by 112% year over year to $30.8 billion in Q3 fiscal 2025, overshadowing AMD’s $3.5 billion in the same segment.

Broadcom (NASDAQ: AVGO) emerges as a significant player in AI-specific ASICs, controlling 55% to 60% of the market. Revenue forecast for custom AI chips set to triple to $12 billion this fiscal year. Analysts predict a 32% annual growth rate for AI ASICs through 2030.

Broadcom expected to report a 51% increase in revenue in fiscal Q4, driven by AI revenue growth. Positioned to provide robust guidance for fiscal 2025 with technological advancements in custom AI chips. Stock trading at an attractive valuation, poised for growth after quarterly report.



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