Prediction: This Will Be the Next Artificial Intelligence (AI) Chipmaker Stock to Join Nvidia in the Trillion-Dollar Club (Hint: It's Not Broadcom)
Broadcom(AVGO) The Motley Fool·2024-08-19 17:35
This chipmaker wins when everyone competes for AI dominance.Nvidia (NVDA 1.40%) has seen its share price soar on the back of huge artificial intelligence (AI)-related spending from big tech companies. The company's graphics processing units (GPUs) are essential infrastructure for training large language models, the backbone of generative AI. As more and more companies invest in the frontier of AI development, Nvidia has been a big beneficiary.The chipmaker joined the $1 trillion club last summer and passed ...