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Nvidia Faces $12 Billion Threat from Broadcom as AI Chip Competition Intensifies
Nvidia Faces $12 Billion Threat from Broadcom as AI Chip Competition Intensifies
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BTCCSquare news:
Citi slashed Nvidia's price target to $200 amid growing competitive pressures, with Broadcom emerging as a formidable rival in the AI chip space. The firm estimates potential revenue losses of up to $12 billion as Broadcom secures key deals that could divert demand from Nvidia's GPUs.
Despite a 8% monthly decline, Nvidia maintains its AI market leadership—though China's stalled GPU shipments present both a risk and potential upside. A resumption of exports could offset near-term headwinds from intensifying competition.
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