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Broadcom is emerging as a true AI contender and the stock is still worth buying

Its AI chips might be more attractive than Nvidia's GPUs

Author

George Babis
December 18, 2024

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Broadcom has officially become the newest AI darling on Wall Street after reporting stellar AI-powered earnings last week. While the chip giant had a solid track record even before the recent rally, its latest results propelled it into the spotlight as a serious contender in the AI hardware space.

The AI chip market is becoming increasingly competitive, but Broadcom's unique positioning—balancing efficiency, cost, and performance—has put it on a trajectory to challenge incumbents like Nvidia. Here’s how.

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