"Regardless of this year's stock market volatility, the explosive demand for semiconductors and microchips that has grabbed news headlines and led the market higher over the past few years remains. As the drive toward integrating artificial intelligence (AI) into our everyday lives progresses, a handful of mega-cap companies are capable of meeting that demand. While Nvidia Corp. ( NASDAQ: NVDA) may get the lion's share of attention, companies like Broadcom Inc. ( NASDAQ: AVGO) will also be playing a central role in supply."
"Lately, Broadcom has been heavily emphasizing its advancements in optical connectivity solutions designed to support the growing demands of AI infrastructure. This includes developments in co-packaged optics (CPO), high-speed DSP and SerDes, and PCIe Gen6 over optics. Second-quarter financial results showed strong revenue and earnings growth, driven by both AI semiconductor solutions and infrastructure software. Broadcom also has announced the termination of its VMware Cloud Service Provider (VCSP) program and the shipment of its new Jericho4 AI chip."
Broadcom, founded in 1961 and based in San Jose, focuses on semiconductors and infrastructure software, driving its market capitalization above $1 trillion and ranking it among the top ten public companies. The company emphasizes optical connectivity solutions for AI infrastructure, including co-packaged optics (CPO), high-speed DSP and SerDes, and PCIe Gen6 over optics. Second-quarter results showed strong revenue and earnings growth driven by AI semiconductor solutions and infrastructure software. Broadcom announced termination of the VMware Cloud Service Provider (VCSP) program and began shipping its Jericho4 AI chip. Shares have surged substantially over recent years and the company completed a 10-for-1 stock split on July 15, 2024.
Read at 24/7 Wall St.
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