TechBloomberg Tech1h ago
Broadcom Forecasts Boom in AI Chip Sales
TL;DRBroadcom expects big AI chip sales growth and strong earnings through 2028.
Why it matters: Signals credible competition emerging against Nvidia's near-monopoly in the high-margin AI market.
Broadcom predicted a surge in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia’s dominance in the lucrative market. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street…
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