Broadcom Positioned For Growth With Meta 'Next Multi-Billion Dollar' AI ASIC Customer: JPMorgan
Portfolio Pulse from Surbhi Jain
Broadcom Inc. (NASDAQ:AVGO) is set for growth with Meta Platforms Inc (NASDAQ:META) as a new multi-billion-dollar AI ASIC customer. JPMorgan analyst Harlan Sur highlights Broadcom's success in securing next-gen 3nm AI ASIC chip wins with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta, projecting significant revenue increases. Broadcom's AI ASIC revenues are expected to reach over $9 billion this year, a substantial rise from last year's $3.5 billion, driven by partnerships with Google and Meta. Sur anticipates Broadcom's total AI semiconductor shipments to hit $10-$12 billion this year, marking a 2.5X growth compared to 2023.
April 09, 2024 | 12:19 pm
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POSITIVE IMPACT
Broadcom's partnership with Meta as a new AI ASIC customer and its continued success with Google in securing next-gen 3nm AI ASIC chip wins are expected to significantly boost its revenues and position it for substantial growth.
The partnership with Meta and the continued success with Google in securing next-gen 3nm AI ASIC chip wins are direct contributors to Broadcom's revenue growth. The projected increase in AI ASIC revenues to over $9 billion this year, up from $3.5 billion last year, and the anticipated total AI semiconductor shipments of $10-$12 billion signify substantial growth potential.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Google's partnership with Broadcom in securing next-gen 3nm AI ASIC chip wins reinforces its position in the AI technology space, potentially driving its innovation and market dominance.
Google's ongoing partnership with Broadcom, particularly in securing next-gen 3nm AI ASIC chip wins, highlights its strong position and commitment to AI technology. This collaboration is expected to drive Google's innovation, market dominance, and potentially its stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Google's partnership with Broadcom in securing next-gen 3nm AI ASIC chip wins reinforces its position in the AI technology space, potentially driving its innovation and market dominance.
Google's ongoing partnership with Broadcom, particularly in securing next-gen 3nm AI ASIC chip wins, highlights its strong position and commitment to AI technology. This collaboration is expected to drive Google's innovation, market dominance, and potentially its stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc's partnership with Broadcom as a new multi-billion-dollar AI ASIC customer highlights its investment in AI technology and could potentially impact its operational efficiency and innovation capabilities.
Meta's partnership with Broadcom as a new AI ASIC customer underlines its commitment to advancing AI technology. This partnership is likely to enhance Meta's operational efficiency and innovation capabilities, contributing positively to its growth and technological advancement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80