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Broadcom's Trillion-Dollar Run: Analyst Expects ASIC To Take 10%-15% Market Share Backed By AI Compute Demand

Benzinga LogoBenzinga10h ago

Broadcom's Trillion-Dollar Run: Analyst Expects ASIC To Take 10%-15% Market Share Backed By AI Compute Demand - Benzinga

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Also Read: Arm’s Rising Royalties and v9 Adoption Strengthen Market Position, Analysts Say

Gartner expects the revenue to reach $705 billion in 2025, backed by demand for AI and generative AI (GenAI) workloads, which led data centers to become the second-largest semiconductor market in 2024, behind smartphones.

Application-specific Integrated Circuit (ASIC) vendor Broadcom Inc (NASDAQ:AVGO) entered the trillion-dollar valuation club in 2024, rubbing shoulders with Nvidia Corp (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM).

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 18:50:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25965680

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