"Regardless of this year's stock market volatility, the explosive demand for semiconductors and microchips that has grabbed news headlines and led the market higher over the past few years remains. As the drive toward integrating artificial intelligence (AI) into our everyday lives progresses, a handful of mega-cap companies are capable of meeting that demand. While Nvidia Corp. ( NASDAQ: NVDA) may get the lion's share of attention, companies like Broadcom Inc. ( NASDAQ: AVGO) will also be playing a central role in supply."
"The San Jose-based company, which was founded in 1961, has been a major player in the tech space for decades. But its business sectors focusing on semiconductors and infrastructure software products have been major catalysts in its market cap topping $1 trillion. That places it among the top 10 publicly traded companies. Lately, Broadcom has been heavily emphasizing its advancements in optical connectivity solutions designed to support the growing demands of AI infrastructure."
Broadcom combines long-standing semiconductor expertise with infrastructure software to support accelerating AI demand. The company emphasizes optical connectivity solutions—including co-packaged optics, high-speed DSP and SerDes, and PCIe Gen6 over optics—to meet AI infrastructure needs. Recent financial results showed strong revenue and earnings growth driven by AI semiconductor solutions and infrastructure software. Strategic actions include terminating the VMware Cloud Service Provider program and shipping the Jericho4 AI chip. Broadcom's market capitalization topped $1 trillion following sustained growth, a 10-for-1 stock split, and substantial share-price appreciation over recent years, indicating further upside potential.
Read at 24/7 Wall St.
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