The AI Boom Is Entering A New Phase -- And Nvidia May Not Be The Biggest Winner

As the AI market shifts from training to inference, Broadcom's custom ASICs are positioned to outperform Nvidia's general-purpose GPUs. Broadcom controls 70% of the ASIC market and expects AI chip sales to grow from $20 billion to $100 billion by fiscal 2027, trading at a lower valuation than Nvidia despite similar growth prospects.