Is Broadcom the Next Nvidia?
Nvidia is often heralded as the top artificial intelligence (AI) chipmaker, but 's (NASDAQ: AVGO) recent earnings report proved that it's gaining ground.
The numbers were great, and attractive growth rates are part of the reason why Broadcom has outperformed Nvidia year to date. AVGO shares are up by 49% in 2025 through market close Oct. 8, while NVDA stock has gained 41%.
However, a strong earnings report wasn't even the biggest news item that pushed Broadcom stock higher. The bigger catalyst is a $10 billion deal Broadcom reportedly struck with OpenAI. Broadcom will create custom chips for the client. This further demonstrates that tech giants are willing to diversify away from Nvidia for some of their AI chips.
Source Fool.com
Broadcom Ltd. Stock
€294.95
-0.370%
With 91 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 342 € there is a slightly positive potential of 15.95% for Broadcom Ltd. compared to the current price of 294.95 €.
