Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.

Let's take a closer look at the growth of Broadcom's AI chip business and see if this could be a reason for Nvidia investors to worry. Broadcom finished fiscal 2024 (which ended on Nov. 3) with $12.2 billion in revenue from sales of its custom AI ...

Stocks finished higher in Tuesday’s holiday-shortened session with the three major stock indexes rising for a third-straight trading day.These stocks were making moves Tuesday:Super Micro Computer gained 6% to $34.

Broadcom Inc.'s stock surged 35% despite a mediocre Q4, as management offered investors a picturesque addressable market forecast for 2027. Read why AVGO is a Hold.

Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.

US stocks climbed on Monday, with chip stocks leading the tech sector higher while investors eyed a possible year-end rally. All three benchmark indexes ended the trading session in the green, with the tech-heavy Nasdaq Composite rising nearly 1%.

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

Live Updates Make sure to refresh this page periodically for updates. US Banks Planning to Sue the Fed 8:08 am One of the biggest reports premarket is that US banks are planning to sue the Federal Reserve over annual stress tests.

One analyst noted that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing units.

When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NASDAQ: NVDA) reigned supreme. Both stocks have had strong runs in 2024, with Nvidia's stock up over 170% year to date as of this writing and Broadcom up around 107%.

While Broadcom gave investors a reason to dream, it’s not the stock’s ‘Nvidia moment’ despite the surge in the stock price resembling Nvidia’s 2023 breakout. Instead, Broadcom is ...

Chip stocks Nvidia and Broadcom are rising, while U.S. Steel tumbles as Nippon Steel’s plan to acquire the U.S. steel company is referred to President Biden, who has opposed the deal.