Better AI Chip Stock: Nvidia vs. Broadcom
When it comes to designing semiconductor chips used to power artificial intelligence (AI) workloads, two companies stand head and shoulders above the rest: Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO). Nvidia has been the biggest early winner in AI chips, but Broadcom has been gaining momentum.
Let's see which stock investors should look to buy during this current market sell-off.
Nvidia and Broadcom are taking two very different approaches to the AI chip market. Nvidia is the clear market leader in graphics processing units (GPUs), where it holds a more than 80% market share. GPUs were originally designed to speed up graphics rendering in video games, but due to their fast processing power, they have become the main chips used to power AI workloads.
Source Fool.com
Broadcom Ltd. Stock
The stock is one of the favorites of our community with 93 Buy predictions and 2 Sell predictions.
As a result the target price of 308 € shows a slightly positive potential of 9.43% compared to the current price of 281.45 € for Broadcom Ltd..
