TECH - What's Going On With Broadcom and Marvell Stocks Friday? | Benzinga
Nvidia Corp’s (NASDAQ:NVDA) strategic expansion into custom AI chip design presents a formidable challenge to Broadcom Inc (NASDAQ:AVGO) and Marvell Technology, Inc (NASDAQ:MRVL), significant players in the custom silicon market.
By establishing a new business unit to craft specialized chips for cloud computing and advanced artificial intelligence (AI) applications, Nvidia is leveraging its dominant position in the high-end AI chip market to enter a rapidly growing sector.
This move is particularly significant given Nvidia’s existing control over approximately 80% of the high-end AI chip market, a dominance that has contributed to a 40% increase in its market value this year alone, reaching $1.73 trillion, Reuters reports. Broadcom and Marvell stocks are trading lower following the report.
The decision by Nvidia to focus on ...