Posted 2/15/2024, 4:21:00 PM
Broadcom Powers AI Revolution with Custom Chips and VMware Deal
- Broadcom's networking solutions enable large-scale AI systems to access and process huge data volumes quickly
- Broadcom designs custom AI accelerator chips for major customers like Google Cloud
- AI accelerator sales were 15% of Broadcom's semiconductor revenue in 2022, growing to a target of over 25% in 2024
- Broadcom recently acquired VMware for $61B, expanding its IT infrastructure offerings
- With strong current performance and leadership in high-growth AI infrastructure, Broadcom looks like a solid long-term investment