We recently compiled a list of the 10 AI News You Can’t Miss. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other AI stocks you can’t miss. According to a Department of Energy-backed study,
Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts, citing their potential to gain from booming demand for artificial intelligence.
These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion
Semiconductor stocks Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application ...
Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the way.
Discover how Broadcom's booming AI business and partnerships like with Apple are driving its stock surge, but is the near-term upside limited?
FY2024 earnings report shows strong revenue growth, driven by custom AI chip demand, pushing its market cap past $1 trillion. Read more here.
Broadcom reported fiscal fourth-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday.
Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.
Nvidia has ridden the generative AI boom to record-breaking revenues and profits over the past two years, and while it remains well ahead of its competitors, the company is facing growing pressure - not only from rival AMD but also from hyperscalers which have traditionally relied on Nvidia GPUs but are now looking to reduce their dependence on its hardware.
As the marketplace for semiconductors grows beyond Nvidia, Broadcom — a major competitor — should see its stock price grow significantly.