TECH - Broadcom's Has An AI Edge - Analyst Highlights Accelerators and Networking Advances for 2024 Growth | Benzinga
Last week, the SOX and NASDAQ were up 3% while the S&P was up 2%, Piper Sandler analyst Harsh V. Kumar said that news flow was heavily centered around compute names following Nvidia Corp’s (NASDAQ:NVDA) GTC event and the release of their latest Blackwell chip.
The analyst noted that the company has already signed up large U.S.-based hyperscalers, numerous AI startups, and sovereigns to lead the early adoption of the chip.
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Nvidia also seeks to capitalize on inference opportunities by highlighting its NIM software offerings.