BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Broadcom Emerges as Formidable AI Chip Competitor to Nvidia
Broadcom Emerges as Formidable AI Chip Competitor to Nvidia
5
2
BTCCSquare news:
Broadcom's stock surged 9% to a record high after its quarterly earnings revealed robust AI chip sales, positioning it as a credible challenger to Nvidia. The company added $135 billion in market capitalization, nearing $1.6 trillion, while Nvidia and AMD shares declined.
Fourth-quarter AI revenue projections of $6.2 billion exceeded analyst expectations by $400 million. A new partnership with OpenAI is expected to contribute $10 billion in revenue by 2026, signaling growing demand for Broadcom's custom AI semiconductors.
JPMorgan highlighted Broadcom's technological lead in developing 2nm node process chips, a first in the industry. Analysts now view the company as the primary alternative to Nvidia in the AI accelerator market.
By:
