Is Broadcom Poised to Be the Next Nvidia?
Nvidia (NASDAQ: NVDA) and its GPUs have become the industry standard in AI computing power. You'd be hard-pressed to find any serious AI competitor that isn't using Nvidia GPUs, but other options are emerging. Now that most companies know what AI workloads will look like, the flexibility of a GPU isn't necessarily needed, which allows AI hyperscalers to design a chip specifically around a certain workload.
These computing units are known as AI accelerators, and Broadcom (NASDAQ: AVGO) is one of the primary partners that AI hyperscalers use to develop them. Broadcom's business looks poised to rapidly expand over the next few years thanks to increasing demand for these specialized computing units. But will that make it the next Nvidia?
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Source Fool.com
Broadcom Ltd. Stock
With 83 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 262 € there is a slightly positive potential of 4.05% for Broadcom Ltd. compared to the current price of 251.8 €.
