Better Artificial Intelligence (AI) Stock: Nvidia vs. Broadcom
Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO) are the leading players in the artificial intelligence (AI) semiconductor space, with both chip designers being the dominant forces in their respective niches.
Nvidia controls the market for data center graphics processing units (GPUs), which has been thriving thanks to the need for massive computing power required to train AI models. Broadcom, on the other hand, commands the lion's share of the custom AI processor market, which has been gaining traction because of AI inference.
However, both stocks have witnessed divergent fortunes on the market in the past year, with Broadcom's gains of 45% significantly outpacing Nvidia's jump of 9%. Does this make Broadcom the better AI stock of the two? Let's find out.
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 342 € shows a slightly positive potential of 17.38% compared to the current price of 291.35 € for Broadcom Ltd..
