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.

The competition for leadership in the AI chip market is intensifying, with Broadcom Inc. positioning itself as a formidable challenger to Nvidia Corporation in the years ahead.

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

Broadcom's stock surges in 2024 on VMware acquisition synergies and AI revenue growth, solid earnings report backs buy recommendation. Read more here.

Despite this, the market did solidify that momentum continues to build for AI stocks entering 2025. Broadcom’s commentary on the call as to the serviceable addressable market for its two leading ...

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:

FY2024 earnings report shows strong revenue growth, driven by custom AI chip demand, pushing its market cap past $1 trillion. Read more here.

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.

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.

While Nvidia is dominating the AI chip space, Broadcom is making inroads by helping customers develop custom AI chips. Its application-specific integrated circuits, or ASICs, are designed specifically for a customer's precise needs and can help with improved performance and more efficient power consumption.