Broadcom and Marvell both ride the custom AI chip boom, but one offers diversified growth and the other direct exposure. Here's how they compare.
Broadcom and Marvell lead ASIC adoption as hyperscalers move from Nvidia GPUs; market projected $118B by 2033 at 27% CAGR. Custom silicon cuts operational costs and power consumption versus expensive GPU fleets ($55k per unit).
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Everyone loves talking about Nvidia (NVDA) when it comes to AI chips. And for good reason: it practically owns the market at this point.
But there's a significant shift happening in data centers, and it's worth paying attention to.
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Is the AI trade moving past NVDA? Wall Street eyes Broadcom and Marvell for custom chips, but KeyBanc says NVIDIA is still king.
Gary Black says Broadcom and Marvell are emerging as AI's biggest winners as Wall Street shifts focus from GPUs to custom chips.
Broadcom reports $16.7B in Q3 AI chip revenue, up 221% year-over-year, with custom silicon for Google, Meta, OpenAI, and…
They have gained about 6% this year, significantly underperforming rivals and the broader semiconductor index, as AI spending…
Broadcom expands AI chip customer base to six hyperscalers, signs Google deal through 2031, and targets 60% of the custom AI ASIC…
Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
