15 AI News That Should Not Be Ignored

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3. Broadcom Inc. (NASDAQ:AVGO)

Market Capitalization: $835.61 billion

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software solutions. It designs chips for companies that are building AI data centers.

On November 7, Jefferies analyst Blayne Curtis reaffirmed his “Buy” rating on Broadcom Inc. (NASDAQ:AVGO), citing surging demand for AI chips that will last “several years” to benefit the technology company. According to Curtis, the AI accelerator market will grow by 58% a year from $47 billion in 2023 to $287 billion in 2027. Moreover, there isn’t a sign of a CapEx spending slowdown from the major technology companies as well. While Broadcom Inc. (NASDAQ:AVGO)’s chip business is largely driven by Google, other companies are also likely to use it in a significant manner in the years to come.

“We see the most near-term upside at Marvell and Nvidia, but do expect outperformance from Broadcom later in 2025”.

-Jefferies analyst

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