This Incredibly Cheap Artificial Intelligence (AI) Chip Stock Wants to Become the Next Broadcom

Broadcom has become one of the leading players in the artificial intelligence (AI) semiconductor market thanks to its expertise in application-specific integrated circuits (ASICs), which are custom processors designed for performing specific tasks.The demand for these custom processors has been improving rapidly because of their ability to tackle AI workloads while keeping a handle on costs. As a result, several cloud hyperscalers are tapping Broadcom's custom chips and networking components to lower operating costs when running AI training and inference applications.This explains why Broadcom's growth has been outstanding in recent quarters. Moreover, a massive addressable revenue opportunity in the range of $60 billion to $90 billion suggests that it is at the beginning of a solid growth curve. Not surprisingly, even Qualcomm (NASDAQ: QCOM) wants a piece of this lucrative opportunity, and it has just made a move that could help it make a dent in the custom AI chip market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool