Artificial Intelligence (AI) Spending Is Exploding. This Stock Stands to Benefit Most
The Motley Fool
As AI infrastructure spending surges, Broadcom is positioned as a major beneficiary due to its leadership in ASIC technology for custom AI chips. The company is helping hyperscalers like Alphabet, Meta, ByteDance, and OpenAI develop custom AI accelerators as an alternative to Nvidia GPUs. Citigroup estimates Broadcom's AI revenue could grow from $20 billion to over $50 billion this fiscal year and potentially reach $100 billion by fiscal 2027.
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