Reported 7 months ago
Bank of America raised its target price for Broadcom shares to $2,000 and projected $59.9 billion in sales for the 2025 fiscal year, anticipating a potential market cap surpassing $1 trillion. Meanwhile, Nvidia, with a value near $3.25 trillion, remains the dominant chipmaker and the only one with a 13-figure market cap, surpassing firms like Amazon and Alphabet. Despite Broadcom's growth potential in custom chips and networking, Nvidia's stronghold in the market is attributed to its widespread adoption of CUDA architecture over the past 15 years, making it challenging for competitors to disrupt its position.
Source: YAHOO