Broadcom's Trillion-Dollar Run: Analyst Expects ASIC To Take 10%-15% Market Share Backed By AI Compute Demand
1. Broadcom's revenue grew 44% in 2024, driven by AI chips. 2. AI semiconductor market for Broadcom projected over $150 billion by 2029. 3. China's revenue contribution dropped to 20.3% due to U.S. embargo effects. 4. Broadcom ranks 6th in global semiconductor vendors; Nvidia is 3rd. 5. Broadcom expects significant growth from AI chip demand by 2027.