Forget AMD. Here's Who Nvidia Really Needs to Be Worried About.
Broadcom's custom AI chips are becoming more popular with AI hyperscalers.
Overview
The question of which AI hardware company is best seems to always circle around Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). However, I don't think that's who Nvidia shareholders need to be concerned about.
Instead, I think investors need to look outside the GPU realm and start looking at custom AI chips that could steal market share. The biggest name in this space is Broadcom (NASDAQ: AVGO), and I think it is actually Nvidia's No. 1 competitor right now.
Details
This shifts the narrative completely, and once you see the growth Broadcom is projecting, it's easy to understand why Nvidia has cause for concern.
Source
Originally published at www.fool.com.
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