Download App

Startup Showcase

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

© 2024 Medial Tech Pvt. Ltd.

News on Medial

Broadcom sees $10 billion in AI chip sales in 2024, but shares dip

Economic Times

Economic Times · 8m

Broadcom sees $10 billion in AI chip sales in 2024, but shares dip

Broadcom expects $10 billion in revenue from AI-related chips this year, but its stock dipped as its full-year forecast fell short of investor expectations. Similarly, Marvell Technology's revenue forecast also disappointed, causing its stock to decline. Both companies sell networking chips used in AI computing and assist clients in designing custom AI chips. Broadcom CEO Hock Tan stated that a significant portion of their AI chip revenue would come from two major clients, widely believed to be Google and Meta Platforms. Broadcom's custom chip business is expected to have high margins. Nonetheless, Broadcom did not update its annual revenue forecast, causing some disappointment among investors.

Comments

More Like this

Nvidia going for rivals' jugulars as it plans to compete in $30 billion custom chip market — but is it a sign that the AI behemoth has reached its peak?

Nvidia going for rivals' jugulars as it plans to compete in $30 billion custom chip market — but is it a sign that the AI behemoth has reached its peak?

Marvell wins new AI chip business, but at lower margins

Marvell wins new AI chip business, but at lower margins

AMD forecasts $2 billion sales of AI chips, helping shares rebound

AMD forecasts $2 billion sales of AI chips, helping shares rebound

Chipmaker Broadcom expects $69 billion VMware deal to close before November deadline

Chipmaker Broadcom expects $69 billion VMware deal to close before November deadline

Nvidia's subdued forecast dampens enthusiasm in AI chip stocks after steady rally

Nvidia's subdued forecast dampens enthusiasm in AI chip stocks after steady rally

Broadcom sees revenue below estimates on weak enterprise spending

Broadcom sees revenue below estimates on weak enterprise spending

Nvidia sheds $279 billion in market cap: reasons behind the fall

Nvidia sheds $279 billion in market cap: reasons behind the fall

AMD’s piece of the AI pie will need to prove sticky

AMD’s piece of the AI pie will need to prove sticky

SoftBank Group Eyes $100 Billion Chip Venture For AI Semiconductors

SoftBank Group Eyes $100 Billion Chip Venture For AI Semiconductors

Intel sees AI opportunity for standalone programmable chip unit

Intel sees AI opportunity for standalone programmable chip unit

Top Users

Trending Posts on Medial

The winner of our last giveaway where we asked Medial members "Who’s the most knowledgeable shark in ....

so, how many of you sent an email to d@zomato.com today :P ....

Tanmay bhat said "Only a foolish would not give luck any credit" This is so apt. Like I can't imag ....

Share your answer for a chance to win the book "Surrounded by Idiots" by Thomas Erikson. Go! Deadl ....

Basics on Medial🟣 Difference between b2c and d2c ....

Top News of the Day: 1. Google has been under fire in multiple antitrust trials for its internal co ....

What is costlier? ....

If ChatGPT got angry because of you, all it needs to do is add a simple instruction in its memory, a ....

Man behind India's third-largest food app after Zomato and Swiggy. 1. Anshoo Sharma had everything ....

Hey devs can I know how much would be the cost / how manu users it supports at x amount of time : f ....

Download the medial app to read full posts, comements and news.