Broadcom, Marvell Set To Capitalize On AI Investments From Microsoft, Alphabet, Meta: JPMorgan
Portfolio Pulse from Surbhi Jain
JPMorgan analyst Harlan Sur highlights Broadcom (AVGO) and Marvell (MRVL) as key beneficiaries of increased AI infrastructure spending by tech giants like Microsoft (MSFT), Alphabet (GOOG/GOOGL), and Meta (META). These companies are investing heavily in GPUs, custom AI compute processors (ASICs), and networking infrastructure, benefiting chip manufacturers. Broadcom's collaboration with Meta and Google on custom silicon chips and Marvell's involvement with Microsoft's next-gen AI processor ASIC indicate significant revenue opportunities for both companies.
April 29, 2024 | 12:28 pm
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Broadcom is set to benefit from increased AI infrastructure spending, particularly through its strategic collaborations with Meta and Google on custom silicon chips.
Broadcom's involvement in custom silicon chips for Meta and Google directly ties its revenue potential to the increased AI infrastructure spending by these tech giants.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Marvell is poised to capitalize on the AI infrastructure build-out, especially with its involvement in Microsoft's next-gen AI processor ASIC and networking infrastructure.
Marvell's engagement in developing Microsoft's next-gen AI processor ASIC and its advancements in networking infrastructure align it with the growing demand for AI infrastructure.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90