Complex data center workloads like training machine learning models and running artificial intelligence (AI) applications would take a very long time if powered only by central processing units (CPUs).

Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts, citing their potential to gain from booming demand for artificial intelligence.

Semiconductor stocks Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application ...

Several media outlets recently espoused the narrative that the AI chip king would soon face tougher competition as large technology companies get help from Broadcom and Marvell to make better custom AI chips.

These impressive figures were primarily driven by the company's AI-related offerings, with AI revenue skyrocketing by 220% to $12.2 billion

Broadcom is predicting a massive expansion in demand for chips that power AI - and the market, for now, is buying it all the way.

Discover how Broadcom's booming AI business and partnerships like with Apple are driving its stock surge, but is the near-term upside limited?

FY2024 earnings report shows strong revenue growth, driven by custom AI chip demand, pushing its market cap past $1 trillion. Read more here.

UBS raised its price target for Broadcom Limited ( AVGO, Financial) from $270 to $220 on Monday and reiterated a BUY rating. That upgrade reflects a rising confidence in Broadcom's growth potential, in particular its ability to gain traction in custom compute and artificial intelligence (AI) networking.

Broadcom's strong financials, AI prospects, and sales structure updates support continued growth. Find out why AVGO stock is a Buy.

SK hynix rumored to deliver huge HBM memory order to Broadcom in 2025: which is building new AI chips for Google, Meta, and ByteDance.