What Nvidia's Earnings Could Mean for Broadcom and Other Chipmakers
1. Nvidia's earnings surpassed estimates, boosting confidence in AI hardware demand. 2. Nvidia shares fell almost 3% due to geopolitical concerns, particularly with China. 3. Broadcom, seen as Nvidia's top competitor, may face similar challenges ahead. 4. China accounts for significant revenue for both Nvidia and Broadcom. 5. Analysts remain bullish on Broadcom's stock, predicting rising sales and profits.