The Wall Street darling has changed! The divergence between Broadcom and NVIDIA has intensified, with Broadcom soaring over 11% while NVIDIA has declined.
Despite the lack of support from NVIDIA, the Nasdaq Composite Index still reached a historic high on Monday. On the same day, other semiconductor stocks also performed well. Micron Technology rose over 5% before the upcoming quarterly Earnings Reports, and at one point surged over 8% during intraday trading. Marvell Technology increased by 3.3%, and Lam Research rose by more than 2%.
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From NVIDIA to Broadcom, a "paradigm shift" in the AI Industry.
As AI large models transition from the pre-training phase to the logical reasoning phase, dedicated chips represented by ASICs may gradually replace general-purpose chips represented by GPUs, becoming the "new favorite" of major AI companies. Analysis suggests that if Broadcom's CEO's predictions about the ASIC market are accurate, the AI Business related to Broadcom's ASICs is expected to achieve annual growth of doubling over the next three years.
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Broadcom Shares Are Trading Higher on Continued Momentum From Last Week After Reporting Better-than-expected Q4 Adjusted EPS and Raising Its Quarterly Dividend. Multiple Analysts Raised Their Price Targets Following the Report.
Barclays Maintains Overweight on Broadcom, Raises Price Target to $205