Nvidia and Broadcom Compete for AI Chip Market Share
Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) are intensifying their competition in the artificial intelligence (AI) computing unit market. Nvidia, currently the most valuable company by market cap, expects a 52% growth for fiscal 2027 driven by high demand for its GPUs, critical for training AI models. Meanwhile, Broadcom anticipates its AI semiconductor revenue will double year-over-year in Q1 2026, leveraging its ASIC technology to optimize performance for specific AI workloads.
Taiwan Semiconductor Manufacturing (NYSE: TSM) is the leading chip foundry for both companies, essential for manufacturing AI chips. Analysts project TSMC will see a 31% growth in the current year and 22% next year, fueled by ongoing increased AI spending. Microsoft’s (NASDAQ: MSFT) Azure cloud platform also reported significant growth, with a 39% year-over-year revenue increase, although the stock price dipped following financial results that underwhelmed investors.
