Like Superman, Broadcom (NASDAQ:AVGO) may have saved the day â€” at least for now. After investors expressed disappointment with quarterly results from artificial intelligence-linked stalwarts such as Nvidia (NVDA) and Marvell (MRVL),
Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably dominant – share of AI inference.
Semiconductor and enterprise software and security solutions provider Broadcom (AVGO) is scheduled to announce its results for the first
The hardest thing about making custom AI chips for large, demanding customers might be the expectations that go with it. Shares of Marvell Technology slid Thursday morning following its quarterly report.
Artificial Intelligence is a hot theme today. It has electrified markets and led to a massive surge in investments and impressive advancements in the AI space. However, I think the AI industry is still in the growth stage and the transformation is only beginning.
Analysts expect the Palo Alto, California-based company to report quarterly earnings at $1.51 per share, up from $1.1 per share in the year-ago period. Broadcom projects quarterly revenue of $14.59 billion, compared to $11.96 billion a year earlier, according to data from Benzinga Pro.