AI Boom Fuels Growth for Server and Chipmakers Super Micro and Broadcom
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Demand for AI infrastructure continues to drive growth for companies like Super Micro Computer and Broadcom.
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Super Micro Computer is a leading provider of servers and storage for AI workloads with significant growth potential.
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Broadcom is benefiting from increasing use of its networking chips in AI data centers and momentum with its VMware software stack.
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Super Micro Computer posted 68% year-over-year net income growth and 1,077% share price growth in the past year.
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Broadcom expects 40% revenue growth in fiscal 2024 driven by networking chips and software.