Broadcom (AVGO – Free Report) is benefiting from strong demand for networking products and custom AI accelerators (XPUs). In fiscal 2024, AI revenues jumped 220% over fiscal 2023 to $12.2 billion and represented 41% of semiconductor revenues.
XPUs are necessary to train Generative Artificial Intelligence (GenAI) models, and they require complex integration of compute, memory, and I/O capabilities to achieve the necessary performance at lower…
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