Broadcom’s Trillion-Dollar Run: Analyst Expects ASIC To Take 10%-15% Market Share Backed By AI Compute Demand – Broadcom (NASDAQ:AVGO)

Application-specific Integrated Circuit (ASIC) vendor Broadcom Inc AVGO entered the trillion-dollar valuation club in 2024, rubbing shoulders with Nvidia Corp NVDA and Taiwan Semiconductor Manufacturing Co TSM.

Broadcom stock surged over 634% in the last five years and over 84% in the previous 12 months.

Gartner estimates worldwide semiconductor revenue reached $626 billion in 2024, up 18.1%. Graphics processing units (GPUs) and AI processors for data center applications (servers…