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Broadcom's stock has nearly doubled in 2024, driven by excitement around its AI opportunities. Analysts remain optimistic about Nvidia, which has seen significant sales growth from its latest GPUs. Both companies are expected to continue their upward trajectory into 2025, despite some market fluctuations.
Broadcom's CEO highlighted the massive potential in AI, particularly with custom AI accelerators. Nvidia's demand for its Blackwell architecture GPUs is described as staggering, indicating strong market interest. Analysts overwhelmingly rate both stocks as buys, suggesting confidence in their future performance.
• Broadcom's stock price has nearly doubled in 2024 due to AI opportunities.
• Nvidia's revenue soared by 94% year over year, driven by AI demand.
Custom AI accelerators are expected to create a significant market opportunity for Broadcom.
Nvidia's GPUs are in high demand, particularly for data centers and AI applications.
Nvidia's Blackwell architecture is driving substantial growth in GPU demand due to AI.
Broadcom is focusing on AI opportunities, particularly in developing custom AI accelerators.
Nvidia is a leading GPU manufacturer, benefiting from explosive growth in AI-driven demand.
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