By Trefis Team
Publication Date: 2026-04-20 13:45:00
Nvidia (NVDA) built the dominant hardware for AI training and is expected to generate over $350 billion in revenue this year. Most investors know that story.
Fewer are paying attention to what comes next.
Training a model is largely a one-time cost. Running it is not.
Every query processed by ChatGPT, every AI-assisted search result, every automated agent action – that is inference, and it runs continuously across billions of users every day. At that scale, the cost of each computation is not an engineering detail. It is the difference between a profitable AI product and an unprofitable one.
That is where Broadcom (AVGO) comes in.
What Does Broadcom’s Chip Business Do?
Rather than selling a general-purpose GPU to anyone who needs one, Broadcom works directly with large technology companies to design chips tailored to their specific workloads. The customer owns the architecture and intellectual property. Broadcom…