By Ananya Gairola
Publication Date: 2026-06-03 04:36:00
Wall Street’s AI trade may be expanding beyond graphics processors, with investor Gary Black arguing that custom chipmakers Broadcom, Inc. (NASDAQ:AVGO) and Marvell Technology (NASDAQ:MRVL) are emerging as some of the biggest beneficiaries of rising demand for specialized AI infrastructure.
Gary Black Says Wall Street Is Rewarding Custom AI Chip Leaders
On Tuesday, Black said Broadcom and Marvell “seem to be the big winners in Wall Street’s new appreciation for custom AI chips,” pointing to growing investor enthusiasm around application-specific integrated circuits, or ASICs, used to power large-scale AI workloads.
$MRVL and $AVGO seem to be the big winners in Wall Street’s new appreciation for custom AI chips. Shares of $AVGO (Broadcom) rose +4.7% on Tuesday, and were up another +2.1% after hours in front of tomorrow’s 1Q earnings report. $AVGO may be capitalizing on the enthusiasm for…
— Gary Black (@garyblack00) June 2, 2026
The comments came as Marvell shares…
