AVGO vs. NVDA: AI Chip Market Competition Intensifies
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BTCCSquare news:
Broadcom's Q3 FY25 earnings revealed a 22% revenue surge, fueled by demand for its custom AI accelerators and networking components. The company's AI-specific revenue jumped 63% to $5.2 billion, with projections reaching $6.2 billion next quarter. A $10 billion order for custom XPU chips signals growing competition with Nvidia's market dominance.
While neither company deals directly with cryptocurrencies, the semiconductor arms race has secondary implications for blockchain infrastructure. High-performance chips like those from AVGO and NVDA power the mining rigs and node networks supporting major coins including BTC, ETH, and SOL across exchanges such as Binance and Coinbase.
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