This Is Not Broadcom's 'Nvidia Moment' Yet
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Broadcom Inc.'s stock surged 35% in two days despite a mediocre Q4, driven by management's optimistic forecast for a $75 billion addressable market in AI by 2027. However, Broadcom's current AI revenue is only a fraction of Nvidia's, indicating it hasn't reached a 'Nvidia moment' yet.
December 23, 2024 | 11:00 pm
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Broadcom's stock surged 35% due to optimistic AI market forecasts, but its current AI revenue is much lower than Nvidia's, indicating it hasn't reached a 'Nvidia moment'.
The stock surge is driven by management's optimistic forecast for a $75 billion addressable AI market by 2027. However, Broadcom's current AI revenue is only a fraction of Nvidia's, suggesting that while the forecast is promising, it hasn't yet achieved the same level of success as Nvidia in the AI space.
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