Complex data center workloads like training machine learning models and running artificial intelligence (AI) applications would take a very long time if powered only by central processing units (CPUs).

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.

Broadcom's strong financials, AI prospects, and sales structure updates support continued growth. Find out why AVGO stock is a Buy.

There’s a new trillion-dollar AI chip maker in town. The old one is still going to do just fine. Broadcom’s fiscal fourth-quarter report last week included a long-term forecast for its artificial-intelligence business that has lighted up its stock price and pushed the company’s market capitalization past $1 trillion.

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 ...

These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion

Discover how Broadcom's booming AI business and partnerships like with Apple are driving its stock surge, but is the near-term upside limited?

The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. The shares were up 13% in extended trading. Here's how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3:

Broadcom shares surged Friday after the company's latest earnings report. "We see an opportunity in AI over the next three years," its CEO said on the call.

Big tech has been vying to reduce its dependence of pricey, supply-constrained AI processors made by front-runner Nvidia (NVDA.O), opens new tab, helping Broadcom which makes advanced custom artificial intelligence chips for so-called hyperscalers.

Nvidia stock has fallen in recent days as investors get more excited about Broadcom. Why Nvidia still holds the upper hand in AI chips.