Reported 4 days ago
In 2025, major technology companies, including Meta Platforms and Google, are set to invest approximately $320 billion in capital expenditures, primarily for artificial intelligence (AI) data centers. Both companies have praised Broadcom for its vital role in custom AI chips, indicating a promising outlook for Broadcom's growth in this sector. With expectations of the custom AI accelerator market reaching up to $90 billion, Broadcom’s significant market share and ongoing partnerships with tech giants position it strongly for future earnings growth, although its current valuation may deter some investors.
Source: YAHOO