What is Broadcom's semiconductor market share?

Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. In 2023, Broadcom's global semiconductor market share was 4.8 percent, part of a market that generated 533 billion U.S. dollars in revenue in that same year.

Why did Broadcom gain $1 trillion in market capitalization?

With this gain, Broadcom becomes just the ninth U.S. company to exceed $1 trillion in market capitalization. The spike came after CEO Hock Tan predicted a huge expansion in Artificial Intelligence (AI)-related revenue, estimating a $60 billion to $90 billion market opportunity by 2027—more than quadrupling the current market size.

Will a big tech company boost Broadcom's ASIC prices?

Analysts have claimed upside for Broadcom fueled by U.S. Big Tech giants’ focus on custom ASIC solutions for their AI compute accelerators. Reports claimed key contract chipmaker Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) plans to boost prices of its services. That can affect the margins of its customers, including Broadcom.