Broadcom's 'Nvidia moment' has arrived. Now it needs to deliver
Financial Express Delhi|December 18, 2024
Broadcom's massive rally after last week's earnings report is reminiscent of when Nvidia Corp. shares first started to take off back in 2023.
- RYAN VLASTELICA & CARMEN REINICKE

BROADCOM'S MASSIVE RALLY after last week's earnings report is reminiscent of when Nvidia Corp. shares first started to take off back in 2023. The chipmaker now needs to prove it can follow through to become another giant of the artificial intelligence era.

Broadcom shares have soared 38% in the two trading days since it reported results, pushing the company's market capitalization to nearly $1.2 trillion. At the heart of the rally is Broadcom's prediction that the addressable market for AI components it designs for data center operators will be as big as $90 billion by fiscal 2027. But there's a lot to be done to turn that opportunity into reality.

"This is kind of like the Nvidia moment of maybe a year-and-a-half ago where they blew the number out and everybody had to catch up and chase it," said Ken Mahoney, CEO at Mahoney Asset Management, which owns the stock. Broadcom is showing investors that the demands from AI computing are so big that there's plenty of room for other winners aside from Nvidia, Mahoney said.

この蚘事は Financial Express Delhi の December 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Financial Express Delhi の December 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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